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Gontier Corporation stock currently sells for $53.95 per share. The market requires a return of 12 percent on the firm's stock. If the company maintains

Gontier Corporation stock currently sells for $53.95 per share. The market requires a return of 12 percent on the firm's stock. If the company maintains a constant 5.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

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