Question: Urgent!!! Please answer within one hour. A stock is expected to pay $2.90 per share every year indefinitely and the equity cost of capital for

Urgent!!! Please answer within one hour. A stock is expected to

Urgent!!! Please answer within one hour.

A stock is expected to pay $2.90 per share every year indefinitely and the equity cost of capital for the company is 10%. What price would an investor be expected to pay per share next year? OA. $14.50 B. $7.25 C. $21.75 D. $29.00

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