A firm has paid dividends of $1.02, $1.10, $1.25, and $1.35 over the past 4 years, respectively.
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Question:
A firm has paid dividends of $1.02, $1.10, $1.25, and $1.35 over the past 4 years, respectively. What is the average dividend growth rate?
A semiannual, 7 percent bond matures in 14 years and has a face value of $1,000. The market quote on this bond is 101.4. What is the aftertax cost of debt if the tax rate is 35 percent?
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