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Ronny Co.'s stock has a required rate of return of 11.50%, and it sells for $22.00 per share. Ronny's dividend is expected to grow at

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Ronny Co.'s stock has a required rate of return of 11.50%, and it sells for $22.00 per share. Ronny's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, Do? $0.93 $1.05 $1.16 $1.27 $1.40

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