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Please help me with this problem so I can study. Thanks. Jones Plastics' EPS was $4.77 in 2017 and 3.40 in 2012.Growth has been steady
Please help me with this problem so I can study. Thanks. Jones Plastics' EPS was $4.77 in 2017 and 3.40 in 2012.Growth has been steady over these past 5 years, and is expected to remain so.Jones pays out 40% of its earnings as dividends.Given a stock price of $36.40, what is Jones cost of equity?
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