Question
Salte Corporation is issuing new common stock at a market price of $27.92. Dividends last year were $1.43 and are expected to grow at an
Salte Corporation is issuing new common stock at a market price of $27.92. Dividends last year were $1.43 and are expected to grow at an annual rate of 5.8 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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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
