Problem $7-20$ Finding the Dividend $[$LO $1]$

Matterhorn Corporation stock currently sells for $$64\mathrm{.}78$ per share. The market requires a return of $8$ percent on the firm$$s stock. If the company maintains a constant $5\mathrm{.}75$ percent growth rate in dividends, what was the most recent dividend per share paid on the stock?

Note: Do not round intermediate calculaqtions and round your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.$