Nogrowth corporation currently pays a dividend of 055 per, Financial Management

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Nogrowth corporation currently pays a dividend of 055 per

NoGrowth Corporation currently pays a dividend of $ 0.55 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 15.3 %??

The stock price is $___ (round to the nearest cent)

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Financial Management: Nogrowth corporation currently pays a dividend of 055 per

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