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Coolibah Holdings is expected to pay dividends of $1.10 every six months for the next three years. If the current price of Coolibah stock is

image text in transcribed Coolibah Holdings is expected to pay dividends of $1.10 every six months for the next three years. If the current price of Coolibah stock is $22.80, and Coolibah's equity cost of capital is 16%, what price would you expect Coolibah's stock to sell for at the end of three years? A. $30.92 B. $28.11 C. $32.33 D. $33.73

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