Granger Corp.stock currently sells for $48.29 per share.The market requires a 13 percent return on the firm's stock.If the company maintains a constant 5.5 percent growth rate in dividends,what was the most recent annual dividend per share paid on the stock?
A) $3.43
B) $3.57
C) $3.90
D) $4.15
E) $4.36
Correct Answer:
Verified
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