The Down and Out Co. just issued a dividend of $1.10 per share on its common stock.
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Question:
The Down and Out Co. just issued a dividend of $1.10 per share on its common stock. The company is expected to maintain a constant 0.03 growth rate in its dividends indefinit ely. If the stock sells for $30.00 a share, what is the company's cost of equity? Enter the answer with 4 decimals (e.g. 0.1234)
Related Book For
Fundamentals of corporate finance
ISBN: 978-0073382395
9th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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