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An analyst is estimating the cost of common equity for Garmin (GRMN), whose current share price is $98.8. The analyst estimates a perpetual growth rate
An analyst is estimating the cost of common equity for Garmin (GRMN), whose current share price is $98.8. The analyst estimates a perpetual growth rate in dividends of 5.5%. The most recent annual dividend for GRMN was $2.97 per share. What would the estimate of the cost of equity for GRMN using the Gordon Growth model
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