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1. ABC Company has a share price of $79 today. If Krell is expected to pay a dividend of $10 at the end of the
1. ABC Company has a share price of $79 today. If Krell is expected to pay a dividend of $10 at the end of the year and its stock price is expected to grow at $80 at the end of the year. What is the equity cost of capital for the stock? (Round to 4 decimal places. Do not use percentage value)
There is a 1% tolerance for errors. For example, if the correct answer is 1.00, then any number between 0.99 and 1.01 will be correct answers.
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