Question: A stock is expected to pay $ 3 . 2 0 per share every year indefinitely and the equity cost of capital for the company

A stock is expected to pay $3.20 per share every year indefinitely and the equity cost of capital for the company is 12%. What price would an investor be expected to pay per share next year?
A. $6.67
B. $20.00
C. $13.34
D. $26.67
A stock is expected to pay $3.20 per share every year

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