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Matterhorn Corporation stock currently sells for $ 7 9 per share. The market requires a return of 9 . 6 percent on the firm s

Matterhorn Corporation stock currently sells for $79 per share. The market requires a return of 9.6 percent on the firms stock. If the company maintains a constant 2.8 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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