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Please solve using an excel formula such as =FV or =price. A company recently paid its first annual dividend of $.75 a share and plans

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Please solve using an excel formula such as =FV or =price.

A company recently paid its first annual dividend of $.75 a share and plans to increase the dividend by 2.3% per year indefinitely. What is the cost of equity if the current stock price is $5 a share

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