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The common stock of JL Recyclers has a required return of 12 percent and a current value of $18.72. The company pays its dividend annually

The common stock of JL Recyclers has a required return of 12 percent and a current value of $18.72. The company pays its dividend annually and increases the amount by 4 percent each year. You own 300 shares of this stock. What was the total amount of the last dividend you received?

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