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A stock is expected to pay $1.30 per share every year indefinitely and the equity cost of capital for the company is 8.9%. What price

A stock is expected to pay $1.30 per share every year indefinitely and the equity cost of capital for the company is 8.9%. What price would an investor be expected to pay per share ten years in the future? A. $29.22 B. $36.53 C. $21.92 D. $14.61

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