What was most recent dividend per share paid on stock

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Teder Corporation stock currently sells for $40 per share. The market requires a 14 percent return on the firm's stock.

Required :

If the company maintains a constant 7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

$2.51

$4.72

$2.80

$2.62

$8.47

Reference no: EM131318788

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