Question: Answer on Excel with steps and formulas please 11.8 Cost of ordinary shares: Lock Stage's ordinary shares are expected to pay an annual dividend equal

Answer on Excel with steps and formulas please 11.8 Cost of

Answer on Excel with steps and formulas please

11.8 Cost of ordinary shares: Lock Stage's ordinary shares are expected to pay an annual dividend equal of $1.55, and it is commonly known that the company expects dividends paid to increase by 11.10 per cent for the next 2 years and by 2 per cent thereafter. If the current price of Lock Stage's ordinary shares is $16.93, what is the cost of ordinary equity capital for the company

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