If the company maintains a constant 39 percent growth rate


Mustaine Corporation stock currently sells for $32 per share. The market requires a return of 11.8 percent on the firm’s stock. If the company maintains a constant 3.9 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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Financial Management: If the company maintains a constant 39 percent growth rate
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