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A stock is expected to pay a dividend of $0.90 per share every year indefinitely. If the equity cost of capital for the company is

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A stock is expected to pay a dividend of $0.90 per share every year indefinitely. If the equity cost of capital for the company is 6.5%, what price should an investor pay for the shares? $26.92 $18.13 O$16.60 $13.85 $17.50

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