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A stock is expected to pay $2.90 per share every year indefinitely and the equity...

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A stock is expected to pay $2.90 per share every year indefinitely and the equity cost of capital for the company is 11%. What price would an investor be expected to pay per share next year? Select one: A. $6.59 B. $13.18 O C. $19.77 O D. $26.36

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