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Apple stock is currently selling for $50.00 per share. The stock has a constant growth rate of 2.00%. The risk free rate is 1.00% and

Apple stock is currently selling for $50.00 per share. The stock has a constant growth rate of 2.00%. The risk free rate is 1.00% and inflation premium is 3.0%. The stocks required rate of return is 6.25%. What was the last dividend, D0? (Round to two decimals)

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