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Business, 01.04.2021 18:10 PoTubbs

Mannix Corporation stock currently sells for $32 per share. The market requires a return of 11.8 percent on the firm’s stock. If the company maintains a constant 3.9 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.)

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