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Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that increases by 5 percent each year. The rate of

Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that increases by 5 percent each year. The rate of return on this stock is 9 percent. What is the amount of the last dividend paid?

Multiple Choice

$.80
$.87
$.77
$.88
$.84

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