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20. Given the following information, what is your best estimate for the firm's cost of equity on January 2, 2003, if the stock sells for
20. Given the following information, what is your best estimate for the firm's cost of equity on January 2, 2003, if the stock sells for $42 on that day? Date Dividend 1.50 S1.73 $2.0 $2.34 $2.71 a. 15.92% b. 23.40% c. 24.5990 d. Cannot be estimated because of lack of information e. None of the above 12/31/97 12/31/98 12/31/99 12/31/00 12/31/01 12/31/02 3.17
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