Question
The Rollag Co. just issued a dividend of $2.75 per share on its common stock. The company is expected to maintain a constant 5.8% growth
The Rollag Co. just issued a dividend of $2.75 per share on its common stock. The company is expected to maintain a constant 5.8% growth rate in its dividends indefinitely. If the stock sells for $59 a share, what is the companys cost of equity? (Enter your answer as a percentage rounded to 2 decimal places.)
Cost of equity-?
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
