Kellner motor co.'s stock has a required rate of return of 11.50%, and it sells for $25.00 per share. kellner's dividend is expected to grow at a constant rate of 7.00%. what was the last dividend, d0? a. $0.95b. $1.05c. $1.16d. $1.27e. $1.40

Last dividend is $1.05

So option (b) is correct option

Explanation:

We have given Stock Price = $25.00

Required Return = 11.50%  = 0.1150

Growth rate is given as = 7.00%  = 0.07

We know that stock price is given by , here is dividend is required rate and g is growth rate

So

We know that last dividend is given by

So option (b) is correct option

answer; (inseparability);

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