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[ 7 POINTS ] The stock of XYZ Company is currently selling for $ 4 3 . 7 5 per share. The market requires a

[7 POINTS] The stock of XYZ Company is currently selling for $43.75 per share. The market requires a return of 13.3 percent on this company's common stock. The company expects to maintain a 5.7 percent growth rate in dividends. What was the most recent dividend per share paid on this common stock? That is, what is the amount of the dividend that was just paid on this common stock? [Use the Dividend Growth Model to solve this problem.]
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