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18. The stock of Nictus Namibia, is selling for $85. The next annual dividend is expected to be $4.25 and is expected to grow at
18. The stock of Nictus Namibia, is selling for $85. The next annual dividend is expected to be $4.25 and is expected to grow at a rate of 7% the corporate tax rate is 30% What is the firm's cost of common equity? A. 5.0% B. 7.0% C. 12.0% D. 8.4%
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Survey Of Accounting
Authors: James D. Stice, W. Steve Albrecht, Earl Kay Stice, K. Fred Skousen
1st Edition
0538846178, 978-0538846172
