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?

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Quizplus · Accepted Answer

The amount of the last dividend this company paid is $1.05. This can be calculated using the formula:Dividend = Market Price * Dividend Growth Rate / (Required Return - Dividend Growth Rate)Dividend = $13.16 * 5.6% / (14% - 5.6%)Dividend = $1.05

Lamey Gardens Has a Dividend Growth Rate of 5