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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 8.2%. 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 8.2%. What price would an investor be expected to pay per share ten years in the future?

A$39 B$31 C$23 D$15

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