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You have the following information for Hippea Chippea Company: current stock price = $81; required rate of return = 11.1%; growth rate in dividends =

You have the following information for Hippea Chippea Company: current stock price = $81; required rate of return = 11.1%; growth rate in dividends = 3%. What was the most recent dividend per share paid on the stock?

Multiple Choice

$636.99
$6.37
$656.10
$8.10
$6.56

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