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9. Topstone Industries is expected to pay a dividend of S2.10 per share in one year. This dividend, along with the firm's earnings, is expected
9. Topstone Industries is expected to pay a dividend of S2.10 per share in one year. This dividend, along with the firm's earnings, is expected to grow at a rate of 5% forever. If the current market price for a share of Terstone is 538 62, what is the cost of equity? A 6.00% B. 10.44% 10.71% D. 11.00% B 11.229
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Intermediate Financial Management
Authors: Eugene F Brigham, Phillip R Daves
14th Edition
0357516664, 978-0357516669
