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johnpaech johnpaech
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Posts: 1098
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6 years ago
NoGrowth industries presently pays an annual dividend of $1.50 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:
A) $10.00
B) $15.00
C) $14.00
D) $12.50
Textbook 
Corporate Finance: The Core

Corporate Finance: The Core


Edition: 4th
Authors:
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EgorGruzdevEgorGruzdev
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Posts: 422
6 years ago
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