Mannix Corporation stock currently sells for $50 per share. The market requires a return if 9 percent on the firm's stock.

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

a. $1.50

b. $7.56

c. $1.42

c. $3.47

d. $1.36

Mannix Corporation stock currently sells for $50 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? Multiple Choice $1.50 $7.56 $1.42 $3.47 $136