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NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue to pay this dividend forever. what is the price per share of NoGrowth stock if the firm…

NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue to pay this dividend forever. what is the price per share of NoGrowth stock if the firm…
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NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue to pay this dividend forever. what is the price per share of NoGrowth stock if the firms equity cost of capital is 12.4%?(Round to nearest cent)

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User Tgallei
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1 Answer

3 votes

Answer:

P= 18.88

Step-by-step explanation:

NoGrowth Corporation currently pays a dividend of $0.56 per quarter, and it will continue-example-1
answered
User Kirill Pisarev
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