Question
Please do NOT use excel. Please do NOT show in excel. Please TYPE SOLUTION by keyboard . Please do NOT write by hand. Please SHOW
Please do NOT use excel. Please do NOT show in excel. Please TYPE SOLUTION by keyboard. Please doNOT write by hand. Please SHOW ALL WORK AND FORMULAS. PLEASE SHOW STEP BY STEP. Do NOTskip small steps. Do NOT USE any excel functions or financial calculators. Please solve and show another way WITHOUT EXCEL OR FINANCIAL CALCULATORS. Please keep solutions organized. Thank you, so much I appreciate your help.
please help and calculate carefully
The Absolute Zero Co. just issued a dividend of $2.65 per share on its common stock. The company is expected to maintain a constant 5.5 percent growth rate in its dividends indefinitely. |
If the stock sells for $53 a share, what is the companys cost of equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) |
Cost of equity | % |
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