Question
Bouchard Company's stock sells for $20 per share, its last dividend (D0) was $1.00, and its growth rate is a constant 7 percent. What is
Bouchard Company's stock sells for $20 per share, its last dividend (D0) was $1.00, and its growth rate is a constant 7 percent. What is its cost of common stock, rs? Express your answer in percentage (without the % sign) and round it to two decimal places. (i.e., 12.54 for 0.1254)
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
2nd Edition
0471111864, 978-0471111863
