Question
Guy's Mills announced this morning that its next annual dividend will be decreased to $1.60 a share and that all future dividends will be decreased
Guy's Mills announced this morning that its next annual dividend will be decreased to $1.60 a share and that all future dividends will be decreased by an additional 2 percent annually. The stock price after the announcement was $21.20 a share. What is the firm's cost of equity capital?
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The New CFO Financial Leadership Manual
Authors: Steven M. Bragg
3rd Edition
0470882565, 978-0470882566
