Question: A stock is expected to pay $ 1.50 per share every year indefinitely and the equity cost of capital for the company is 7.3 %.

A stock is expected to pay $ 1.50 per share every year indefinitely and the equity cost of capital for the company is 7.3 %. What price would an investor be expected to pay per share ten years in the future? A. $ 30.83 B. $ 41.10 C. $ 20.55 D. $ 51.38

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