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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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