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29-03-2024
Business

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NoGrowth Corporation currently pays a dividend of $0.50 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 11%?
1) $3.00
2) $30.00
3) $13.33
4) $33.33
5) None of the above

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