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The dividend yield of a stock is 7 percent. If the market price of the stock is $18 per share and its dividends have been

The dividend yield of a stock is 7 percent. If the market price of the stock is $18 per share and its dividends have been growing at a constant rate of 6%, what was the most recent dividend paid by the company?

A. $1.70 B. $1.02 C. $1.19 D. $1.36 E. $1.53 F. $0.85

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