Question
The NEXT dividend (D1) payment by ECY, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 4.25%, forever.
The NEXT dividend (D1) payment by ECY, Inc., will be $3.20 per share. The dividends are anticipated to maintain a growth rate of 4.25%, forever. If ECY stock is currently priced at $53.51 per share, what is the cost of capital?
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Capital Markets Institutions And Instruments
Authors: Frank J. Fabozzi, Franco Modigliani
2nd Edition
0133001873, 978133001877
