Solved: If the company maintains a constant 37 percent growth rate, Finance Basics

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If the company maintains a constant 37 percent growth rate

Secolo Corporation stock currently sells for $30 per share. The market requires a return of 11.4 percent 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 and round your answer to 2 decimal places, e.g., 32.16.

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Finance Basics: If the company maintains a constant 37 percent growth rate

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