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 12.4%? Please show work.

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Finance Basics: Nogrowth corporation currently pays a dividend of 055 per
Reference No:- TGS02184808

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