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I need help with this problem please. GenElec Inc currently pays an annual dividend of $0.60 per share and it is expected that these dividend

I need help with this problem please. image text in transcribed
GenElec Inc currently pays an annual dividend of $0.60 per share and it is expected that these dividend payments will continue indefinitely. If GenElec's equity cost of capital is 11%, then the value of a share of GenElec's stock is elosest to Select one: a. $12.5 b. $5.45 c. $54.54 d. $7.5

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