Question: Find the current dividend on a stock, given that the required return is 9 percent, the dividend growth rate is 6 percent, and the stock

Find the current dividend on a stock, given that the required return is 9 percent, the dividend growth rate is 6 percent, and the stock price is $50 per share.

a. $1.42

b. $1.25

c. $1.75

d. $2.00

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