Key Corp has a common stock that will pay a dividend of $15 per share next year.
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Question:
Key Corp has a common stock that will pay a dividend of $15 per share next year. If the common stock price today is $173 and the growth rate of the firm is 0.03, find the cost of capital for common stock.
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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