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(Related to Checkpoint 14.2) (Cost of common equity) Salte Corporation is issuing new common stock at a market price of $27.99. Dividends last year were
(Related to Checkpoint 14.2) (Cost of common equity) Salte Corporation is issuing new common stock at a market price of $27.99. Dividends last year were $1.47 and are expected to grow at an annual rate of 5.9 percent forever. What is Salte's cost of common equity? The company's cost of common equity is \%. (Round to two decimal places.)
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Portfolio Performance Measurement And Benchmarking
Authors: Jon Christopherson, David Carino, Wayne Ferson
1st Edition
0071496653, 978-0071496650
