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A corporation pays a dividend of $0.75 per year, and its equity cost of capital is 14%. If the dividends continue indefinitely, what is the

A corporation pays a dividend of $0.75 per year, and its equity cost of capital is 14%. If the dividends continue indefinitely, what is the value of the company stock?

A) $8.70

B) $9.83

C) $3.47

D) $5.36

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