The Absolute Zero Co. just issued a dividend of $2.60 per share on its common stock. The
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Question:
The Absolute Zero Co. just issued a dividend of $2.60 per share on its common stock. The company is expected to maintain a constant 5.4 percent growth rate in its dividends indefinitely. |
If the stock sells for $52 a share, what is the companys cost of equity? |
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