Matterhorn Corporation stock currently sells for $49 per share. The market requires a return of 11 percent on the firm's stock. If the company maintains a constant 3.5 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.) Answer is complete but not entirely correct. Dividend paid per 3.64% share $