Assignment $-$ Week $7$ i

Codner Corporation stock currently sells for $$77$ per share. The market requires a $9\mathrm{.}2\%$ return on the firm's stock. If the company maintains a constant $2\mathrm{.}6\%$ growth rate in dividends, what was the most recent dividend per share paid on the stock? $($Do not round intermediate calculations. Round the final answer to $2$ decimal places. Omit $ sign in your response.$)$

Dividend paid per share

$

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