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A stock sells for $155.00 per share and has a required rate of return of 10%. Dividends are paid annually and is expected to increase

A stock sells for $155.00 per share and has a required rate of return of 10%. Dividends are paid annually and is expected to increase at a constant 5% per year. What is the amount of the last dividend paid?

$1.55

$2.22

$5.58

$7.38

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