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

Matterhorn Corporation stock currently sells for $81 per share. The market requires a
return of 11.1 percent on the firm's stock. If the company maintains a constant 3 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 share
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