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Company C pays a dividend of $5.14 per share and is expected to pay this amount indefinitely. The equity cost of capital is 10.94%. What

Company C pays a dividend of $5.14 per share and is expected to pay this amount indefinitely. The equity cost of capital is 10.94%. What should the price of the stock be?

NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68.

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