Question
19. A firm is expected to pay a dividend of $3.50 per share in one year. This dividend, along with the firms earnings, is expected
19. A firm is expected to pay a dividend of $3.50 per share in one year. This dividend, along with the firms earnings, is expected to grow at a rate of 7% forever. If the current market price for a share is $67, what is the cost of equity?
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
