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 19.5%? The stock price is! X Sorry, that's not correct. We can use the following equation to calculate the price per share: Div 1 PO-TE-g where re is the appropriate quarterly discount rate. To determine the quarterly discount rate, use the following formula: Equivalent n-period discount rate = (1 +re) 1 - 1 | | OK