Suppose Massey Ltd. just issued a dividend of $.68 per share on its common stock. The company

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Suppose Massey Ltd. just issued a dividend of $.68 per share on its common stock. The company paid dividends of $.40, $.45, $.52, and $.60 per share in the last four years. If the stock currently sells for $12, what is your best estimate of the company’s cost of equity capital?

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Fundamentals Of Corporate Finance

ISBN: 9780072553079

6th Edition

Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan

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