Question: Care Wind L) Moving to another question will save this response son 19 Question 19 2.5 points Roy's Welding common stock sells for $55.69 a

 Care Wind L) Moving to another question will save this response

Care Wind L) Moving to another question will save this response son 19 Question 19 2.5 points Roy's Welding common stock sells for $55.69 a share and pays an annual dividend that increases by 1.1 percent annually. The market rate of return on this stockis 11.6 percent. What is the amount of the last dividend paid? (Do not round intermediate calculations and round your answer to 2 decimal places, 32.16)

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