Mannix Corporation stock currently sells for $82 per share. The market requires a return of...
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Mannix Corporation stock currently sells for $82 per share. The market requires a return of 10.2 percent on the firm's stock. If the company maintains a constant 3.1 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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