Question: 10) A stock is expected to pay $0.70 per share every year indefinitely. If the current price of the stock is $18.90, and the equity

10) A stock is expected to pay $0.70 per share every

year indefinitely. If the current price of the stock is $18.90, and

10) A stock is expected to pay $0.70 per share every year indefinitely. If the current price of the stock is $18.90, and the equity cost of capital for the company that released the shares is 7.9%, what price would an investor be expected to pay per share five years into the future? A) $14.18 B) $15.06 C) $8.86 D) $14.62

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