Question: step by step formula not excel ABC Industries stock has a beta of 1.10. The company just paid a dividend of $2.16, and the dividends

step by step formula not excel ABC Industries stock has a

step by step formula not excel

ABC Industries stock has a beta of 1.10. The company just paid a dividend of $2.16, and the dividends are expected to grow by 4%. The expected return on the market is 10%, and Treasury bills are yielding 3.2%. The most recent stock price for the company is $72.Calculate the cost of equity using the CAPM method. (Do not round intermediate calculations. Round the final answer to 3 decimal places.)

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