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Cincy Machinery stock currently sells for $104 per share. The market requires a return of 13 percent while the company maintains a constant 6 percent
Cincy Machinery stock currently sells for $104 per share. The market requires a return of 13 percent while the company maintains a constant 6 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock (that is, this year's dividend)?
Group of answer choices
$7.28
$7.81
$6.87
$8.61
$6.22
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