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Matterhorn Corporation stock currently sells for $ 6 4 . 8 8 per share. The market requires a return of 1 1 percent on the

Matterhorn Corporation stock currently sells for $64.88 per share. The market requires a return of 11 percent on the firm's stock. If the company maintains a constant 4.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? Note: Do not round intermediate calculaqtions and round your answer to 2 decimal places, e.g.,32.16.
\table[[Dividend per share,$,4.22]]
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