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A stock is expected to pay $0.85 per share every year indefinitely if the current price of the stock is $16.80, and the equity cost

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A stock is expected to pay $0.85 per share every year indefinitely if the current price of the stock is $16.80, and the equity cost of capital for the company that released the shares is 6.4%, what price would an investor be expected to pay per share five years into the future? GED A $21.25 8 $13.28 OC. $22.58 OD. $21.91 ar in ng e

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