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Matterhorn Corporation stock currently sells for $ 7 5 per share. The market requires a return of 8 . 8 percent on the firm s

Matterhorn Corporation stock currently sells for $75 per share. The market requires a return of 8.8 percent on the firms stock. If the company maintains a constant 2.4 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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