Question: Google announced that next year they will start paying a $20 in dividend required rate of return on the stock is 14%. The company maintains

Google announced that next year they will start paying a $20 in dividend required rate of return on the stock is 14%. The company maintains a constant 8 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock?

A. $17.82

B. $18.52

C. $18.99

D. $19.25

E. $19.98

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