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Business, 29.03.2021 19:50 moisesnunez408

Cardinal Corporation stock currently sells for $53 per share. The market requires a return of 8.6 percent on the firm’s stock. If the company maintains a constant 2.3 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 answer to 2 decimal places, e. g., 32.16.)

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