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You checked Google Finance and see that today Pine Tree Inc. common stock is selling for $53 a share. The market rate of return on

You checked Google Finance and see that today Pine Tree Inc. common stock is selling for $53 a share. The market rate of return on this stock is 12%, and the stock pays an annual dividend that increases by 1% annually. What is the amount of the last dividend paid? $5.20 $5.66 $5.72 $5.77 $5.83

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