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Problem 8-21 Finding the Dividend (L01) Mannix Corporation stock currently sells for $28 per share. The market requires a return of 11 percent on the

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Problem 8-21 Finding the Dividend (L01) Mannix Corporation stock currently sells for $28 per share. The market requires a return of 11 percent on the firm's stock. If the company maintains a constant 3.5 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.) Answer is complete but not entirely correct. Dividend paid per share $ 2.50 X

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