A company is expected to pay a dividend of $3.20 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?
A) $16.00
B) $24.00
C) $32.00
D) $8.00
Correct Answer:
Verified
Q2: Which of the following statements is FALSE?
A)
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Q8: Use the figure for the question(s) below
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