Mushi$$s shares sell for R$37$ a share and pay an annual dividend that increases by $6\%$ annually. The market rate of return on this share is $14\%.$ Calculate the amount of the last dividend paid by Mushi.

Question $9$Answer

a$.$

R$2\mathrm{.}79$

b$.$

R$5\mathrm{.}18$

c$.$

R$2\mathrm{.}22$

d$.$

R$2\mathrm{.}96$