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Baxter International Inc, a US medical equipment company has a market rate of return of 15.3 percent and currently sells for $86.28 a share. Baxter

Baxter International Inc, a US medical equipment company has a market rate of return of 15.3 percent and currently sells for $86.28 a share. Baxter International pays an annual dividend that increases by 1.5 percent annually. What is the amount of the last dividend paid by Baxter International Ltd?

a. $9.68

b. $10.25

c. $11.73

d. $13.00

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