Question $15$

Kellner Motor Co$.\text{'}$s stock has a required rate of return of $11\mathrm{.}50\%,$ and it sells for $$25\mathrm{.}00$ per share Kellner's dividend is expected to grow at a constant rate of $700\%.$ What was the last dividend, $D{o}_0?$

$$0\mathrm{.}95$

$$1\mathrm{.}05$

$$1\mathrm{.}16$

$$1\mathrm{.}27$

$$1\mathrm{.}40$