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A firm that is expected to pay $3 dividends next year, the dividends are expected to grow at a constant rate of 3% per year,
A firm that is expected to pay $3 dividends next year, the dividends are expected to grow at a constant rate of 3% per year, and the current price of the firm's shares is $60. Assume the after-tax cost of debt is 2%. Find the cost of equity. 10% 7% 9% 8%
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International Financial Management
Authors: Geert Bekaert, Robert J. Hodrick
1st Edition
0131163604, 9780131163607
