KIT Kars stock currently sells for $54.10 per share and has a fixed 2.5 percent dividend growth rate. What was the amount of the last dividend paid if the required rate of return is 11 percent?

A. $4.49
B. $3.57
C. $5.30
D. $4.15
E. $4.36

Ans: A. $4.49

Business

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