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Need Help ASAP Please! You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock = $ 108 Expected
Need Help ASAP Please!
You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock = $ 108 Expected market portfolio return = 8.5% Dividend per share paid just recently = $5.39 Risk-free interest rate = 4.5% Expected annual growth of dividend per share = 6% Stock Beta = 1.51 Calculate the company's cost of equity using the Capital Asset Pricing Model approach. Your answer should be in %, not in decimals: e.g., 10.23 rather than 0.1023. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10.23. Do NOT use "%" in your answer. You researched Turnkey Investment's financial data and gathered the following information: Current price per share of stock = $ 108 Expected market portfolio return = 8.5% Dividend per share paid just recently = $5.39 Risk-free interest rate = 4.5% Expected annual growth of dividend per share = 6% Stock Beta = 1.51 Calculate the company's cost of equity using the Capital Asset Pricing Model approach. Your answer should be in %, not in decimals: e.g., 10.23 rather than 0.1023. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10.23. Do NOT use "%" in yourStep by Step Solution
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