Steve's Specialties, Inc. paid its dividend yesterday, which as $ 1.50. The dividend has been growing at
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Steve's Specialties, Inc. paid its dividend yesterday, which as $ 1.50. The dividend has been growing at a rate of 0.040 and is expected to continue indefinitely at that rate. Steve's common stock is currently trading at 21.00 per share. The firms beta is 0.94. Treasuries (T-bills) are currently yielding 0.030, Average return on the market is 0.11. Using the DCF approach, what is Steve's cost of retained earnings?
Related Book For
Financial Analysis with Microsoft Excel
ISBN: 978-1285432274
7th edition
Authors: Timothy R. Mayes, Todd M. Shank
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