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Kellner Motor Co.'s stock has a required rate of return of 11.50%, and it sells for $32.00 per share. Kellner's dividend is expected to grow

Kellner Motor Co.'s stock has a required rate of return of 11.50%, and it sells for $32.00 per share. Kellner's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D0?

Select the correct answer. a. $1.11 b. $1.59 c. $2.07 d. $1.35 e. $1.83

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