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The Lo Tech Co. just issued a dividend of $2.90 per share on its common stock. The company is expected to maintain a constant
The Lo Tech Co. just issued a dividend of $2.90 per share on its common stock. The company is expected to maintain a constant 9 percent growth rate in its dividends indefinitely. Required: If the stock sells for $35.00 a share, what is the company's cost of equity? O 9.03% 17.29% 18.03% 9.29% O 6.79%
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
