Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that increases by 5 percent each year.The rate of return on this stock is 9 percent.What is the amount of the last dividend paid?
A)$.77
B)$.80
C)$.84
D)$.87
E)$.88

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The Answer of Weisbro and Sons common stock sells for $21 a share and pays an annual dividend that increases by 5 percent each year.The rate of return on this stock is 9 percent.What is the amount of the last dividend paid?
A)$.77
B)$.80
C)$.84
D)$.87
E)$.88

Weisbro and Sons Common Stock Sells for $21 a Share