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Question 7 (5 points) ABC just paid an annual divided of $2.30 per share, with a plan to increase it by 2% per year indefinitely.
Question 7 (5 points) ABC just paid an annual divided of $2.30 per share, with a plan to increase it by 2% per year indefinitely. What is ABC's cost of equity if its current stock price is $59.95? (Round your answer to the nearest hundredth; two decimal places) Your
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Personal Finance
Authors: Jeff Madura
3rd Edition
0321357973, 978-0321357977
