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asjstr asjstr
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4 years ago
A stock is expected to pay $0.80 per share every year indefinitely. If the current price of the stock is $18.90, and the equity cost of capital for the company that released the shares is 6.4%, what price would an investor be expected to pay per share five years into the future?

▸ $12.50

▸ $20.43

▸ $22.65

▸ $21.23
Textbook 
Fundamentals of Corporate Finance

Fundamentals of Corporate Finance


Edition: 2nd
Authors:
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macemace
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#1
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4 years ago
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asjstr Author
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4 years ago
Brilliant ツ
sleinhi
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Yesterday
Good timing, thanks!
TheMoffattMan
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2 hours ago
Helped a lot
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