Question
Fred's Lawn and Garden's last dividend per share was $1.43. The stock sells for $10 per share, and the expected growth rate for the company
Fred's Lawn and Garden's last dividend per share was $1.43. The stock sells for $10 per share, and the expected growth rate for the company is 5%. Calculate the company's cost of equity.
What is the company's cost of equity? ___% (Round to two decimal places.)
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
