Question: Valuing a Firm with Constant Dividend Problem: Consolidated Edison, Inc. (Con Edison), is a regulated utility company that services the New York City area. Suppose

Valuing a Firm with Constant Dividend Problem: Consolidated Edison, Inc. (Con Edison), is a regulated utility company that services the New York City area. Suppose Con Edison plans to pay $3 per share in dividends next year. If its equity cost of capital is 8% and dividends are not expected to ever change in the future, estimate the value of Con Edison's stock today

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