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Mannix Corporation stock currently sells for $ 9 0 per share. The market requires a return of 1 0 percent on the firm's stock. If

Mannix Corporation stock currently sells for $90 per share. The market requires a return of 10 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?
Multiple Choice
$4.62
$2.42
$2.70
$15.37
$2.52

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