What was the most recent dividend per share

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Question - Stadiums-R-Us stock sells for $7.90 per share. Let's say the market requires a 14% return on the firm's stock. If the company maintains a constant 2.5 percent growth rate in dividends, what was the most recent dividend per share paid on the stock (i.e., the dividend that was paid at t=0)?

Reference no: EM132965357

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