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Cost of Common Stock: Whitewall Tire Co. just paid a $1.60 dividend on its common shares. If Whitewall is expected to increase its annual dividend
Cost of Common Stock: Whitewall Tire Co. just paid a $1.60 dividend on its common shares. If Whitewall is expected to increase its annual dividend by 2 percent into foreseeable future and the current price of Whitewall's common shares is $11.66, what is the cost of the common equity for Whitewall? Please provide steps for answer.
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