Fast GrowthIndustries will pay a dividend of $1.80 per share this year. It is expected that this
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Fast GrowthIndustries will pay a dividend of $1.80 per share this year. It is expected that this dividend will grow by 4% per year each year in the future. The current price ofthe company's commonstock is $22.40 per share.Based on this information, what is Fast Growth'sequity cost of capital?
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
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