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Mannix Corporation stock currently sells for $ 2 5 per share. The market requires a return of 1 0 . 4 percent on the firm

Mannix Corporation stock currently sells for $25 per share. The market requires a return of 10.4 percent on the firms stock. If the company maintains a constant 3.2 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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