Question
Dogs & Cats Corp. just paid an annual dividend of $2.40 per share last year, and the company expects dividends to increase by 5 percent
Dogs & Cats Corp. just paid an annual dividend of $2.40 per share last year, and the company expects dividends to increase by 5 percent annually. Their common stock is priced at $36.18 per share. What is the firms cost of equity?
A. 9.12 percent B. 10.85 percent C. 11.63 percent D. 11.97 percent E. 12.54 percent
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Handbook Of Consumer Finance Research
Authors: Jing Jian Xiao
2nd Edition
3319288857, 978-3319288857
