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Problem 7-20 Finding the Dividend LO 1 Gontier Corporation stock currently sells for $64.53 per share. The market requires a return of 8 percent on

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Problem 7-20 Finding the Dividend LO 1 Gontier Corporation stock currently sells for $64.53 per share. The market requires a return of 8 percent on the firm's stock If the company maintains a constant 5.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?( Dividend per share

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