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Bristol Corp. just issued its annual dividend of $2.00 per share on its common stock. The company has consistently increased its annual dividend by 5.0%
Bristol Corp. just issued its annual dividend of $2.00 per share on its common stock. The company has consistently increased its annual dividend by 5.0% historically and expects to maintain this constant growth rate indefinitely. The stock sells for $40.00 per share. What is the company's cost of equity using the Dividend Growth Model?
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