Question: A stock is expected to pay $2.95 per share every year indefinitely. The current price of the stock is $26.40. The equity cost of capital

A stock is expected to pay $2.95 per share every year indefinitely. The current price of the stock is $26.40. The equity cost of capital for the company is 11.59%. What price would an investor be expected to pay per share 7 years into the future

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