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The stock in Up-Towne Movers is selling for $48.40 per share. Investors have a required return of 11.4 percent and expect the dividends to grow

The stock in Up-Towne Movers is selling for $48.40 per share. Investors have a required return of 11.4 percent and expect the dividends to grow at 3.5 percent indefinitely. What was the dividend the company just paid?

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