Multiple Choice
Matilda Industries pays a dividend of $2.25 per share and is expected to pay this amount indefinitely.If Matilda's equity cost of capital is 12%,which of the following would be expected to be closest to Matilda's stock price?
A) $12.25
B) $14.65
C) $18.75
D) $21.98
E) $22.35
Correct Answer:
Verified
Correct Answer:
Verified
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