HighGrowth Company has a stock price of $18. The firm will pay a dividend next year of
Question:
HighGrowth Company has a stock price of $18. The firm will pay a dividend next year of $1.12, and its dividend is expected to grow at a rate of 3.6% per year thereafter.
What is your estimate of HighGrowth’s cost of equity capital?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781292437156
5th Global Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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