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Coolibah Holdings is expected to pay dividends of $1.50 every six months for the next three years. If the current price of Coolibah stock is
Coolibah Holdings is expected to pay dividends of $1.50 every six months for the next three years. If the current price of Coolibah stock is $21.50, and Coolibah's equity cost of capital is 14%, what price would you expect Coolibah's stock to sell for at the end of three years?
A. $23.69
B. $25.65
C. $21.54
D. 24.77
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