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Matilda Industries pays a dividend of $2.20 per share and is expected to pay this amount indefinitely. If Matilda's equity cost of capital is 11%,
Matilda Industries pays a dividend of
$2.20
per share and is expected to pay this amount indefinitely. If Matilda's equity cost of capital is
11%,
which of the following would be expected to be closest to Matilda's stock price?
A.
$20.00
B.
$12.00
C.
$16.00
D.
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