Kellner motor cos stock has a required rate of return of, Financial Management

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Kellner motor cos stock has a required rate of return of

Kellner Motor Co.'s stock has a required rate of return of 12.50%, and it sells for $25.00 per share. Kellner's dividend is expected to grow at a constant rate of 6.00%. What was the last dividend, D₀? Remember, give D0, not D1.

$0.95

$1.05

$1.16

$1.22

$1.53

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