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Matterhorn Corporation stock currently sells for $ 7 8 per share. The market requires a return of 9 . 4 percent on the firm's stock.

Matterhorn Corporation stock currently sells for $78 per share. The market requires a return of 9.4 percent on the firm's stock. If the company maintains a constant 2.7 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.)
Dividend paid per shareM
please use excel
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