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NoGrowth Corporation currently pays a dividend of 50 45 per quarter, and it will continue to pay this dividend forever What is the price per

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NoGrowth Corporation currently pays a dividend of 50 45 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 18 19? The stock price is $(Round to the nearest cent)

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