Question: QUESTION 7 A stock is expected to pay $3.82 per share every year indefinitely. The current price of the stock is $34.04. The equity cost

QUESTION 7 A stock is expected to pay $3.82 per share every year indefinitely. The current price of the stock is $34.04. The equity cost of capital for the company is 7.18% What price would an investor be expected to pay per share 7 years into the future?. NOTE: Enter the number rounding to two decimals. If your answer is $5.6786, your answer must be 5.68

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