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Consolidated Corporation stock currently sells for $ 1 1 1 . 2 5 per share. The market requires a 8 . 5 percent return on

Consolidated Corporation stock currently sells for $111.25 per share. The market requires a 8.5 percent return on the firm's stock. if the company maintains a constant 1.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

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