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NoGrowth Industries presently pays an annual dividend of $1.30 per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity

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NoGrowth Industries presently pays an annual dividend of $1.30 per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity cost of capital is 10%, then the value of a share of NGrowth's stock is closest to: O A. $10.40 B. $15.60 O c. $13.00 O D. $14.30

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