A share of wells Fargo stock is paid a dividend of $3/share which is expected to grow
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A share of wells Fargo stock is paid a dividend of $3/share which is expected to grow at 2% annually. If the investor paid $1 for every share purchased at $40 and has 5% required rate of return, what is the cost of common stock equity of this share?
Related Book For
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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