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Mannix Corporation stock currently sells for $120 per share. The market requires a return of 14 percent on the firm's stock. If the company maintains
Mannix Corporation stock currently sells for $120 per share. The market requires a return of 14 percent on the firm's stock. If the company maintains a constant 7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?
a. 10.16
b. 8.40
c. 25.27
d. 7.54
e. 7.85
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