Question: A stock is expected to pay $ 1 . 7 per share every year indefinitely and the equity cost of capital for the company is

A stock is expected to pay $1.7 per share every year indefinitely and the equity cost of capital for the company is 8.1%. What price would an investor be expected to pay per share ten years in the future?
A. $41.98
B. $52.48
C. $20.99
D. $31.49
A stock is expected to pay $1.7 per share every year

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