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18. Chelsea Fashions is expected to pay an annual dividend of $1.20 a share next year. The market price of the stock is $26.00 and
18. Chelsea Fashions is expected to pay an annual dividend of $1.20 a share next year. The market price of the stock is $26.00 and the growth rate is 3 percent. What is the firm's cost of equity?
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Money Banking And Financial Markets
Authors: Stephen G. Cecchetti
1st Edition
0072452692, 9780072452693
