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Topstone Industries is expected to pay a dividend of $2.10 per share in one year. This dividend, along with firms earnings, etc., is expected to
Topstone Industries is expected to pay a dividend of $2.10 per share in one year. This dividend, along with firms earnings, etc., is expected to grow at a rate of 5% forever. If the current market price for a share of Topstone is $38.62 what is the cost of equity? (Answer: 10.44%)
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