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NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue to pay this dividend forever. what is the price per share

NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue to pay this dividend forever. what is the price per share of NoGrowth stock if the firms equity cost of capital is 12.4%?

(Round to nearest cent)

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