Gontier corporation stock currently sells for 6473 per


Gontier Corporation stock currently sells for $64.73 per share. The market requires a return of 9 percent on the firm’s stock. If the company maintains a constant 5.5 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.) Dividend per share $

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Financial Management: Gontier corporation stock currently sells for 6473 per
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