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Cook Pharmaceuticals plans to pay $1.55 per share in dividends in the coming year. If its equity cost of capital is 8%, and dividends are
Cook Pharmaceuticals plans to pay $1.55 per share in dividends in the coming year. If its equity cost of capital is 8%, and dividends are expected to grow by 3% per year in the future, what is the value of Cook's stock? A) $55.80 B) $31.00 C)$28.70 D) $19.38 E) $51.67
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