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Last week Lesters electronics pay an annual dividend of $2.10 on his common stock. The company has a long-standing policy of increasing its dividend by
Last week Lesters electronics pay an annual dividend of $2.10 on his common stock. The company has a long-standing policy of increasing its dividend by 3% annually. The policy is expected to continue. What is the firm's cost of equity if the stock is currently selling for $44.60 a share?
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