F & D Industry's common stock sells for $43.05 a share and pays an annual dividend that increases by 5% annually. The market rate of return on this stock is 10%. What is the amount of the last dividend paid by F & D?
A) $1.95
B) $2.05
C) $2.15
D) $2.21
E) $2.26
Correct Answer:
Verified
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