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NoGrowth Industries presently pays an annual dividend of $1.60 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 $1.60 per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity cost of capital is 12%, then the value of a share of NoGrowth's stock is closest to O A. $16.00 OB. $10.66 OC. $14.66 OD. $13,33

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