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Jersey Corporation's stock sells for $ 3 3 . 9 2 a share and has a required return of 7 percent. Dividends are paid annually

Jersey Corporation's stock sells for $33.92 a share and has a required return of 7 percent. Dividends are paid annually and increase at a constant 2 percent per year. What is the amount of the last dividend paid?
A) $1.46
B) $1.50
C) $1.59
D) $1.66
E) $1.72
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