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NoGrowth Corporation currently pays a dividend of $ 0.52 per quarter, and it will continue to pay this dividend forever. What is the price per

NoGrowth Corporation currently pays a dividend of $ 0.52 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 13.4 %?image text in transcribed

EE Question Help P 7-11 (similar to) NoGrowth Corporation currently pays a dividend of $0.52 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 13.4%? The stock price is (Round to the nearest cent

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