Answer:
The amount of the last dividend paid by this company was $1.30/share.
Explanation:
Hi, in order to find the last dividend paid by the company, we need to use the following equation.
[tex]Do=\frac{Price(r-g)}{(1+g)}[/tex]
Where:
Do = Last dividend paid
r = Market rate of return
g = annual growth rate
So, everything should look like this.
[tex]Do=\frac{24(0.106-0.049)}{(1+0.049)} =1.304099[/tex]
Therefore, the last dividend paid by the company was $1.30/Share.
Best of luck
