Question: A stock is expected to pay $1.5 per share every year indefinitely and the equity cost of capital for the company is 8.4%. What price

A stock is expected to pay $1.5 per share every year indefinitely and the equity cost of capital for the company is 8.4%. What price would an investor be expected to pay per share ten years from today if the opportunity cost of capital is unchanged?

Group of answer choices

$29.76

$14.88

$40.00

$17.86

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