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Homework: HW7 - Chapter 7 Homework Score: 0 of 12 pts 6 of 10 (8 complete) HW Score: 60% XP 7-12 (similar to) Ques NoGrowth

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Homework: HW7 - Chapter 7 Homework Score: 0 of 12 pts 6 of 10 (8 complete) HW Score: 60% XP 7-12 (similar to) Ques NoGrowth Corporation currently pays a dividend of $0.49 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 15.8%? The stock price is $ (Round to the nearest cent.)

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