(Answered) Question - teder corporation stock currently sells for 65

Accounting

Question - 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?

$3.25

$12.42

$3.04

$5.16

$2.92

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