Lamey Gardens has a dividend growth rate of 5.6 percent, a market price of $13.16 a share, and a required return of 14 percent. What is the amount of the last dividend this company paid?

A. $1.05
B. $1.55
C. $1.60
D. $1.15
E. $1.30

Answer: A. $1.05

Business

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