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A company's stock has a beta of 1.3 and currently sells for $75 pet share. The company just paid a dividend of $3 and future
A company's stock has a beta of 1.3 and currently sells for $75 pet share. The company just paid a dividend of $3 and future dividends are expected to grow at 3% annually. Assume the risk free rate is 275% and the expected return on the market is 75% What is the company's cost of equity capital? Do not found intermediate calculations, Round the final answer to 2 decimal places. Omit the sign in your response. For example, an answer of 15,393 should be entered as 15:39
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