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Goode Inc. ' s stock has a required rate of return of 1 2 . 0 0 % , and it sells for $ 3

Goode Inc.'s stock has a required rate of return of 12.00%, and it sells for $38.00 per share. Goode's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, Do?
a. $4.26
b. $2.49
c. $1.78
d. $2.03
e. $1.90
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