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George Corp's stock sells for $23/share and its annual dividend increases by 4.5% forever. The required return on this stock is 10.2%. Find the amount
George Corp's stock sells for $23/share and its annual dividend increases by 4.5% forever. The required return on this stock is 10.2%. Find the amount of the last dividend paid by George Corp.
A. $2.24
B. $1.25
C. $1.21
D. $1.37
E. $.99
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