Question
Cost of Equity: DCF Summerdahl Resorts' common stock is currently trading at $29.00 per share. The stock is expected to pay a dividend of $2.75
Cost of Equity: DCF
Summerdahl Resorts' common stock is currently trading at $29.00 per share. The stock is expected to pay a dividend of $2.75 a share at the end of the year (D1 = $2.75), and the dividend is expected to grow at a constant rate of 3% a year. What is the cost of common equity? Round your answer to two decimal places.
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Financial Management In Construction Contracting
Authors: Andrew Ross, Peter Williams
1st Edition
1405125063, 9781405125062
