Question
Suppose Apple paid $3 of dividend last year and expects the dividend to grow at 6% per year in the foreseeable future. If Apples stock
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Suppose Apple paid $3 of dividend last year and expects the dividend to grow at 6% per year in the foreseeable future. If Apples stock price today is $280, what is Apples cost of equity?
8.53%
7.14%
7.07%
6.26%
5.43%
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Public Finance
Authors: Harvey S Rosen
7th Edition
0072876484, 978-0072876482
