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Faircloth Machinery stock currently sells for $54.80 per share. The market required return is 12.2 percent while the company maintains a constant 3 percent growth

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Faircloth Machinery stock currently sells for $54.80 per share. The market required return is 12.2 percent while the company maintains a constant 3 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock? $6.14 $5.96 $5.04 $4.89 None of these answers are correct

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