Roys welding common stock sells for 4896 a share and pays


Roy's Welding common stock sells for $48.96 a share and pays an annual dividend that increases by 2.5 percent annually. The market rate of return on this stock is 14.6 percent. What is the amount of the last dividend paid?

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Financial Management: Roys welding common stock sells for 4896 a share and pays
Reference No:- TGS01236550

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