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A stock is expected to pay $ 2.00$2.00 per share every year indefinitely and the equity cost of capital for the company is 99%. What
A stock is expected to pay
$ 2.00$2.00
per share every year indefinitely and the equity cost of capital for the company is
99%.
What price would an investor be expected to pay per share ten years in the future?
A.
$ 33.33$33.33
B.
$ 44.44$44.44
C.
$ 55.55$55.55
D.
$ 22.22$22.22
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