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Stock Valuation Magellen Corporationstock currently sells for $56 per share.The market requires an12 percent return on the firm s stock.If the company maintains a constant4

Stock Valuation

Magellen Corporationstock currently sells for $56 per share.The market requires an12 percent return on the firm s stock.If the company maintains a constant4 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

DPS: $ ____________.

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