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NoGrowth Corporation currently pays a dividend of S0.53 per quarter, and it will continue to pay this dividend forever. What is the price per share

NoGrowth Corporation currently pays a dividend of S0.53 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 12.6%? The stock price is (Round to the nearest cent)

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