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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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