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Cincy Machinery stock currently sells for $65 per share. The market requires a return of...

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Finance

Cincy Machinery stock currently sells for $65 per share. The market requires a return of 14 percent while the company maintains a constant 5 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock (that is, this year's dividend)?

Group of answer choices

$4.69

$5.16

$5.85

$4.23

$5.57

Answer & Explanation Solved by verified expert
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