Question
Suppose Powers Ltd. just issued a dividend of $2.54 per share on its common stock. The company paid dividends of $2.04, $2.11, $2.28, and $2.38
Suppose Powers Ltd. just issued a dividend of $2.54 per share on its common stock. The company paid dividends of $2.04, $2.11, $2.28, and $2.38 per share in the last four years. Required: If the stock currently sells for $73, what is your best estimate of the companys cost of equity capital using arithmetic and geometric growth rates?
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The Handbook Of Energy Trading
Authors: Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli
1st Edition
1119953693, 978-1119953692
