Multiple Choice
A stock is expected to pay $3.20 per share every year indefinitely and the equity cost of capital for the company is 10%.What price would an investor be expected to pay per share next year?
A) $8.00
B) $16.00
C) $24.00
D) $32.00
E) $35.20
Correct Answer:
Verified
Correct Answer:
Verified
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