Harry wants to know the last dividend, D 0, that Pickles Inc.'s paid. If Pickles...
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Harry wants to know the last dividend, D 0, that Pickles Inc.'s paid. If Pickles stock sells for $33.00 per share, its required return is 11.50%, and the dividends are expected to grow at 7% forever, what was Pickles' last dividend payment?
| a. | $1.64 | |
| b. | $1.49 | |
| c. | $1.39 | |
| d. | $1.52 | |
| e. | $1.29 |
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