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Each quarter, Crane, Inc., pays a dividend on its ferpetual preferred stock. Today the stock is selling at $$63\mathrm{.}00.$ If the required rate of return for such stocks is $16\mathrm{.}0$ percent, what is the quarterly dividend paid by Crane? $($Round answer to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$