Show transcribed image text No Growth 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's equity cost of capital is 19.3%? The stock price is $. (Round to the nearest cent.)
No Growth 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's equity cost of capital is 19.3%? The stock price is $. (Round to the nearest cent.)