The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company
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The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company is expected to maintain a constant 4.5% growth rate in its dividends indefinitely. --- If the stock sells for $58 per share, what is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percentage rounded to 2 decimal places, for example, 32.16) ---
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1260153590
12th edition
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
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