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A dividend yield of a stock is 7 percent. If the market price of the stock is $18 per share and its dividends have been

A dividend yield of a stock is 7 percent. If the market price of the stock is $18 per share and its dividends have been growing at a constant rate of 6%, what was the most recent dividend paid by the company?

$1.36

$1.19

$1.70

$1.02

$0.85

$1.53

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