Cincy Machinery stock currently sells for $65 per share. The market requires a return of...
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Finance
Cincy Machinery stock currently sells for $65 per share. The market requires a return of 14 percent while the company maintains a constant 5 percent growth rate in dividends. What was the most recent annual dividend per share paid on this stock (that is, this year's dividend)?
Group of answer choices
$4.69
$5.16
$5.85
$4.23
$5.57
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