JULIA INC. STOCK CURRENTLY SELLS FOR $84 PER SHARE. THE MARKET REQ...

15. Julia Inc. stock currently sells for $84 per share. The market requires a 13% return on the firm’s stock. If the company maintains a 6% growth rate in dividends, what was the most recent annual dividend? A) $5.04 B) $5.55 C) $5.88 D) $6.76 E) $10.92