[Solved] [1 point] HighGrowth Company has a stock

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[1 point] HighGrowth Company has a stock price of $20. The firm will pay a dividend next year of $1, and its dividend is expected

[1 point] HighGrowth Company has a stock price of $20. The firm will pay a dividend next year of $1, and its dividend is expected to grow at a rate of 4% per year thereafter. What is your estimate of HighGrowth's cost of equity capital?

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