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HFB just paid a dividend of $4.00. The market believes that the dividend will grow at a constant rate of 3% forever. HFBs stock price
HFB just paid a dividend of $4.00. The market believes that the dividend will grow at a constant rate of 3% forever. HFBs stock price is $40.00. HFBs cost of equity is __________%.
*****Please show calculator inputs (N,I/Y, PV,PMT,FV)******
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