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NoGrowth Corporation currently pays a dividend of $1.08 per?year, and it will continue to pay this dividend forever. What is the price per share if

NoGrowth Corporation currently pays a dividend of $1.08 per?year, and it will continue to pay this dividend forever. What is the price per share if its equity cost of capital is 9% per?year?

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NoGrowth Corporation currently pays a dividend of $1.08 per year, and it will continue to pay this dividend forever. What is the price per share if its equity cost of capital is 9% per year? The price per share if its equity cost of capital is 9% per year is $|(Round to the nearest cent.)

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