Question
NoGrowth Corporation currently pays a dividend of $3.44 per year, and it will continue to pay this dividend forever. What is the price per share
NoGrowth Corporation currently pays a dividend of $3.44 per year, and it will continue to pay this dividend forever. What is the price per share if its equity cost of capital is 12% per year?
The price per share if its equity cost of capital is 12% per year is $__________. (Round to the nearest cent.)
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Financial Accounting
Authors: Kermit D. Larson, Paul B. W. Miller
5th Edition
0256091935, 978-0256091939
