Business, 30.03.2020 21:28, joynerjaila

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:

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NoGrowth Industries presently pays an annual dividend of $ 1.50 per share and it is expected that th...