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asap please 6 Your company is expected to issue its next annual dividend in a year of $3.06 per share on its common stock. The
asap please 6
Your company is expected to issue its next annual dividend in a year of $3.06 per share on its common stock. The company is expected to maintain a constant 3.91 percent growth rate in its dividends indefinitely. If the stock sells for $25.46 a share, what is the company's cost of equity? (Do not round any intermediate calculations. List your answer as a percent, round your final answer to 2 decimal places and enter it in the box below.) Step by Step Solution
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