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Dipstick Auto Repairs is selling shares for $ 5 0 . 0 0 per share and pays a dividend. The projected growth rate for the

Dipstick Auto Repairs is selling shares for $50.00 per share and pays a dividend. The projected growth rate for the company is 2.00%. Assuming the stocks required rate of return is 6.25%. What was the last dividend, D0?(Round to two decimals)

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