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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 $27.00. 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 $27.00. Dividends last year were $1.45 and are expected to grow at an annual rate of 6.0 percent forever. What is Salte's cost of common equity? The company's cost of common equity is \%. (Round to two decimal places.) Step by Step Solution
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Issues In Management Accounting
Authors: Trevor Hopper, Robert W. Scapens, Deryl Northcott
3rd Edition
0273702572, 978-0273702573
