Astock sells for $$12\mathrm{.}36$ a share and has a required return of $9$ percent. Dividends are paid annually and increase at a constant $3$ percent per year. What is the amount of the last dividend

paid?

$$\mathrm{.}46$

$$\mathrm{.}50$

$$\mathrm{.}63$

$$\mathrm{.}72$

$$\mathrm{.}59$