Question
The Muse Co. just issued a dividend of $3.01 per share on its common stock. The company is expected to maintain a constant 6.19 percent
The Muse Co. just issued a dividend of $3.01 per share on its common stock. The company is expected to maintain a constant 6.19 percent growth rate in its dividends indefinitely.
If the stock sells for $66 a share, what is the company's cost of equity?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
