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Matterhorn Corporation stock currently sells for $ 7 7 per share. The market requires a return of 9 . 2 percent on the firm s

Matterhorn Corporation stock currently sells for $77 per share. The market requires a return of 9.2 percent on the firms stock. If the company maintains a constant 2.6 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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