Question: ANSWER IN EXCEL FORUMULA The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to

ANSWER IN EXCEL FORUMULA The Absolute Zero Co. just issued a

ANSWER IN EXCEL FORUMULA

The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely. If the stock sells for $53 a share, what is the company's cost of equity

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