What was most recent dividend per share paid on stock

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Reference no: EM13928184

Gontier Corporation stock currently sells for $64.38 per share. The market requires a return of 11 percent on the firm’s stock.

Required:

If the company maintains a constant 5.75 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Dividend per share $

Reference no: EM13928184

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