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Determine the Iiyak Nah Yan stock price

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Question - Iiyak Nah Yan Industries pays a dividend of P2.10 per share and is expected to pay this amount indefinitely. If Iiyak Nah Yan's equity cost of capital is 9%, determine the Iiyak Nah Yan's stock price?

a. P18.66

b. P29.16

c. P23.33

d. P14.00

Reference no: EM133118068

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