NoGrowth Corporation currently pays a dividend of $$0\mathrm{.}41$ 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

$10\mathrm{.}3\%?$

The stock price is $$,.($Round to the nearest cent.$)$NoGrowth Corporation currently pays a dividend of $ $0\mathrm{.}41$ per$$ 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 $10\mathrm{.}3\%?$