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Teder Corporation stock currently sells for $115 per share. The market requires a 15 percent return on the firm's stock. Required : If the company

Teder Corporation stock currently sells for $115 per share. The market requires a 15 percent return on the firm's stock.

Required :

If the company maintains a constant 8 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

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