Question
Cliff Corp has 1,000,000 shares of stock outstanding. The stock just paid an annual dividend of $3 and currently sells for $30 per share. Revenues,
Cliff Corp has 1,000,000 shares of stock outstanding. The stock just paid an annual dividend of $3 and currently sells for $30 per share. Revenues, income and dividends are expected to grow at 5% indefinitely. What is Cliff Corp's cost of equity?
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Financial Reporting Financial Statement Analysis and Valuation
Authors: Clyde P. Stickney
6th edition
324302959, 978-0324302967, 324302967, 978-0324302950
