Multiple Choice
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.
Correct Answer:
Verified
Correct Answer:
Verified
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