What is the price per share of nogrowth stock

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Reference no: EM132018690

Question: NoGrowth Corporation currently pays a dividend of $0.52 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 13.4%? The stock price is (Round to the nearest cent. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132018690

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