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Shield Security pays annual dividends and has just paid this year's dividend of $1.20. If its equity cost of capital is 10%, and dividends are
Shield Security pays annual dividends and has just paid this year's dividend of $1.20. If its equity cost of capital is 10%, and dividends are expected to grow by 5 % per year in the future, what is the value of Shield's stock? A. $26.00 DB. $12.60 C. $12.00 D. $25.20 DE. $24.00
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