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HighGrowth Company has a stock price of $19.13. The firm will pay a dividend next year of $1.20, and its dividend is expected to grow
HighGrowth Company has a stock price of $19.13. The firm will pay a dividend next year of $1.20, and its dividend is expected to grow at a rate of 3.7% per year thereafter. What is your estimate of HighGrowth's cost of equity capital? HighGrowth's cost of equity capital is j. (Round to two decimal places.) Step by Step Solution
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Intermediate Financial Theory
Authors: Jean-Pierre Danthine, John B. Donaldson
2nd Edition
0123693802, 978-0123693808
