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Teder Corporation stock currently sells for $110 per share. The market requires a 12 percent return on the firm's stock. Required : If the company

Teder Corporation stock currently sells for $110 per share. The market requires a 12 percent return on the firm's stock.

Required :

If the company maintains a constant 5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

rev: 09_18_2012

$7.04

$7.33

$18.75

$7.70

$9.63

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