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16. A stock is expected to pay $1.25 per sbare every year indefinitely and the equity cost of capital for the company is 5.6%. What

16. A stock is expected to pay $1.25 per sbare every year indefinitely and the equity cost of capital for the company is 5.6%. What price would an investor be expected to pay per shurt ten years in the future? A) $13.67 B) $22.32 C) $29.76 D) $17.20

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