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Please answer this question using EXCEL FORMULAS. The common stock of Plyler Enterprises currently sells for $ 8 5 a share and pays an annual

Please answer this question using EXCEL FORMULAS. The common stock of Plyler Enterprises currently sells for $

85

a share and pays an annual dividend that increases by

7 %

annually. If

the market rate of return on this stock is

15.9 %,

what was the amount of the last dividend paid per share?

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