Question
The dividend just paid on Thompson Industry stock was $2 per share and it is expected to grow 8% each year. If the stock is
The dividend just paid on Thompson Industry stock was $2 per share and it is expected to grow 8% each year. If the stock is currently selling at $30 per share, what is Thompson's cost of equity? (Round to the nearest percent.)
| 13% | ||
| 18% | ||
| 12% | ||
| 15% | ||
| 21% |
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Financial Management Of Financial Institutions
Authors: George H Hempel
1st Edition
0133159604, 9780133159608
