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Kroft & Sons' common stock currently sells for $45 per share.It is expected to pay an annual dividend of $1.28 per share at the end
- Kroft & Sons' common stock currently sells for $45 per share.It is expected to pay an annual dividend of $1.28 per share at the end of the year.If the expected growth rate of the dividend is 4.8% per year forever, what is Kroft & Sons' cost of equity assuming that all equity comes from retained earnings?
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Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart
12th edition
1259720683, 978-1259720680
