Tuesday, 1 October 2019

NoGrowth Corporation currently pays a dividend of $ 0.59 per​ quarter, and it will continue to pay this

NoGrowth Corporation currently pays a dividend of $ 0.59 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 14.1 %
The stock price is​ $[...]? ​ (Round to the nearest​ cent.)

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