Last week, Baxter Industries paid its annual dividend of $1.34 on its common shares. The company predicts
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Last week, Baxter Industries paid its annual dividend of $1.34 on its common shares. The company predicts that the dividend will increase by 3.5 percent each year indefinitely. What is the company's cost of capital if the shares sell for $43 per share?
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ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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