(Answered) Codner corporation stock currently sells for 30 per share

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Codner Corporation stock currently sells for $30 per share. The market requires a 11.4 percent return on the firm's stock. If the company maintains a constant 3.7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock? (Do not round intermediate calculations. Round the final answer to 2 decimal places.)

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