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QUESTION

Finding the Dividend Torsion Corporation stock currently sells for $108 per share. The market requires a 15 percent return on the firm's stock.

Finding the Dividend Torsion Corporation stock currently sells for $108 per share. The market requires a 15 percent return on the firm’s stock. If the company maintains a constant 7 percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

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