Question
NoGrowth Corporation currently pays a dividend of $0.42 perquarter, and it will continue to pay this dividend forever. What is the price per share of
NoGrowth Corporation currently pays a dividend of $0.42 perquarter, and it will continue to pay this dividend forever. What is the price per share of NoGrowth stock if thefirm's equity cost of capital is 16.1%?
The stock price is $__ (round to the nearest cent.)
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
