Goode Inc.'s stock has a required rate of return of 11.50%,and it sells for $33.00 per share.Goode's dividend is expected to grow at a constant rate of 7.00%.What was the last dividend,D0?
A) $1.64
B) $1.50
C) $1.29
D) $1.39
E) $1.42
Correct Answer:
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