Question
Steves specialties INC paid its dividend yesterday of $4.00. The dividend has been growing at a rate of 0.010 and is expected to contiue growing
Steves specialties INC paid its dividend yesterday of $4.00. The dividend has been growing at a rate of 0.010 and is expected to contiue growing at that rate indefinatly. Steves common stock is currently trading at $22.00 per share. The firms beta is 0.96.
T billls are currently yielding 0.035
Average return on the market is 0.10.
Using CAPM what is the cost of retained earnings?
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Project Financing Financial Instruments And Risk Management
Authors: Frank J Fabozzi, Carmel De Nahlik
1st Edition
9811231494, 9789811231490
