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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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