Goode Inc.'s stock has a required rate of return of 11.50%,and it sells for $25.00 per share.Goode's dividend is expected to grow at a constant rate of 7.00%.What was the last dividend,D₀? A)$0.95 B)$1.05 C)$1.16 D)$1.27 E)$1.40

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The Answer of Goode Inc.'s stock has a required rate of return of 11.50%,and it sells for $25.00 per share.Goode's dividend is expected to grow at a constant rate of 7.00%.What was the last dividend,D₀? A)$0.95 B)$1.05 C)$1.16 D)$1.27 E)$1.40

Goode Inc'S Stock Has a Required Rate of Return of 11