Question: 47:38 of (Cost of equity) MAM just declared a dividend of $3.2 per share of common stock. The current stock price is $25 per

47:38 of (Cost of equity) MAM just declared a dividend of $3.2

47:38 of (Cost of equity) MAM just declared a dividend of $3.2 per share of common stock. The current stock price is $25 per share. The dividend is expected to increase at a rate of 8% per year for the future. The beta of its common stock is 1.1 and the market risk premium is 9%. The risk-free rate-5%. According to the dividend growth model approach, the cost of the equity capital is %. (WACC) Margo Corporation is a major producer of lawn care products. Its stock currently sells with a book value of$400

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