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Chapter 7 | Question 2: Please answer the following questions below (see image): NoGrowth Corporation currently pays a dividend of $0.46 per quarter, and it

Chapter 7 | Question 2: Please answer the following questions below (see image): NoGrowth Corporation currently pays a dividend of

$0.46

per quarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if the firm's equity cost of capital is

16.3%?

image text in transcribed

The stock price is s. (Round to the nearest cent.)

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