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Mannix Corporation stock currently sells for $ 1 0 0 per share. The market requires a return of 1 1 percent on the firm's stock.

Mannix Corporation stock currently sells for $100 per share. The market requires a return of 11 percent on the firm's stock.
If the company maintains a constant 5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
Multiple Choice
$6.00
$5.49
$7.94
$16.05
$5.71

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