Goode Inc.'s stock has a required rate of return of 11.50%, and it sells for $29.00 per share. Goode's dividend is expected to grow at a constant rate of 7.00%. What was the last dividend, D0?
A. $0.95
B. $1.38
C. $1.37
D. $1.22
E. $1.06
Answer: D
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