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Teder Corporation stock currently sells for $65 per share. The market requires a 12 percent return on the firm's stock.

Required :

If the company maintains a constant 7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

a) $3.25

b) $12.42

c) $3.04

d) $5.16

e) $2.92

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9405364

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