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XY Company is expected to pay an annual dividend of $0.95 a share next year. The market price of the stock is $55 and the
XY Company is expected to pay an annual dividend of $0.95 a share next year. The market price of the stock is $55 and the growth rate is 5 percent. What is the firm's cost of equity?
Select one:
a. 6%
b. 8.57%
c. 6.72%
d. 9%
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Financial Management Theory And Practice
Authors: Prasanna Chandra
10th Edition
9353166527, 978-9353166526
