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Mannix Corporation stock currently sells for $30 per share. The market requires a return of 9 percent on the firm's stock. If the company maintains

Mannix Corporation stock currently sells for $30 per share. The market requires a return of 9 percent on the firm's stock.

If the company maintains a constant 6 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

  • $.82

  • $4.56

  • $2.88

  • $.90

  • $.85

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