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Mannix Corporation stock currently sells for $80 per share. The market requires a return of 11 percent on the firm's stock. If the company maintains
Mannix Corporation stock currently sells for $80 per share. The market requires a return of 11 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) $14.47 B) $2.99 C) $2.87 D) $3.20 E) $5.11
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