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The stock of Cabbor, Incorporated is trading at $70.00 per share. The company just paid a dividend of $5.00 per share (that is, D0 =
- The stock of Cabbor, Incorporated is trading at $70.00 per share. The company just paid a dividend of $5.00 per share (that is, D0 = 5.00). The growth rate in dividends is projected to be 6 percent per year forever. What is Cabbors cost of equity capital (that is, compute the required rate of return on the stock)?
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Personal Financial Planning
Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk
14th edition
978-1305887725, 1305887727, 1305636619, 978-1305636613
