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please show work, thank you! Midwest Services Inc. expects to pay shareholders $7.20 per share next period. The firm will pay 50% of earnings as
please show work, thank you!
Midwest Services Inc. expects to pay shareholders $7.20 per share next period. The firm will pay 50% of earnings as dividends going forward, and the firm's return on equity (ROE) will remain stable at 10%. The current stock price is $200. What is the estimated cost of equity capital? 8.6% 5.8% 9.0% None of the above/Other 5.5%Step by Step Solution
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