Question: uex.html?_con=con&external_browser=0&launchUrl=https%253A%252F pter 7 Assignment i Saved Problem 7-20 Finding the Dividend [LO 1) Dropshot Corporation stock currently sells for $64.18 per share. The market requires

uex.html?_con=con&external_browser=0&launchUrl=https%253A%252F pter 7 Assignment i Saved Problem 7-20 Finding the Dividend

uex.html?_con=con&external_browser=0&launchUrl=https%253A%252F pter 7 Assignment i Saved Problem 7-20 Finding the Dividend [LO 1) Dropshot Corporation stock currently sells for $64.18 per share. The market requires return of 12 percent on the firm's stock. If the company maintains a constant 5.75 percent growth rate in dividends, what was th most recent dividend per share paid on the stock? (Do not round intermedia calculations and round your answer to 2 decimal places, e.g., 32.16.) Dividend per share

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