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1.WWW Incorporated's common stock is selling for $21.00 per share and pays an annual dividend that increases by 5% annually.The market rate of return on

1.WWW Incorporated's common stock is selling for $21.00 per share and pays an annual dividend that increases by 5% annually.The market rate of return on this stock is 9%.What is the amount of the last dividend paid by WWW Incorporated?

a.$.77

b.$.80

c.$.84

d.$.87

e.$.88

f.None of the above.

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