Question
HighGrowth Company has a stock price of $20. The firm will pay a dividend next year of $ 0 . 9 9 , and its
HighGrowth Company has a stock price of $20.The firm will pay a dividend next year of $0.99,and its dividend is expected to grow at a rate of 3.9%per year thereafter. What is your estimate ofHighGrowth's cost of equitycapital?
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
14th edition
1337090581, 978-1337090582
