Question: Ch. 14: (This chapter requires the using of some specific Excel functions such as =YIELD, =NPV and =IRR that we have applied before. Show excel

Ch. 14: (This chapter requires the using of some specific Excel functions such as =YIELD, =NPV and =IRR that we have applied before. Show excel formulas

1. Calculating Cost of Equity [LO1] 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 companys cost of equity?

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