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Matterhorn Corporation stock currently sells for $ 3 1 per share. The market requires a return of 1 1 . 6 percent on the firm's

Matterhorn Corporation stock currently sells for $31 per share. The market requires a return of 11.6 percent on the firm's stock. If the company maintains a constant 3.8 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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