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The following financial information is available on Raytheon Technologies: Current per share market price: $225.00 Current (t=0) per share dividend: $28.00 Expected long-term growth rate:
The following financial information is available on Raytheon Technologies: Current per share market price: $225.00 Current (t=0) per share dividend: $28.00 Expected long-term growth rate: 8.50% Raytheon Technologies can issue new common stock to net the company $205.00 per share. Determine the cost of external equity capital using the dividend capitalization model approach. 22.16% 20.94% 23.32% 22.00%
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