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9. Stock Valuation Magellan Corporation stock currently sells for $58 per share. The market requires a 8 percent return on the firm's stock. If the

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9. Stock Valuation Magellan Corporation stock currently sells for $58 per share. The market requires a 8 percent return on the firm's stock. If the company maintains a constant 2 percent growth rate in dividends, what was the most recent dividend per share paid on the stock

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