You wish to calculate the cost of equity for TELUS. A screenshot from finance.yahoo.com is available in the appendix of this case file. You can also find the dividend history for TELUS in the appendix of this case file. Follow the steps below to compute the cost of equity for TELUS. 2. Locate the most recent price for TELUS, the market capitalization, the number of shares outstanding, the beta, and compute the most recent five years annual dividend. What is the average dividend growth rate? Compute the cost of equity using Dividend Growth Model Approach. Total Dividend (Annual) Change (%) Year 2016 2015 2014 2013 2012 Average Une Toronto - Toronto Delayed Price. Currency in CAD 41.95 -0.03 (-0.07%) At close: 3:59 PM EST Summary Conversations Statistics Profile Financials Options Holders Historical Data Currency in CAD. Valuation Measures Trading Information 24.79B Stock Price History Market Cap (intraday) 5 5 Enterprise Value Trailing P/E 3 Beta 0.47 36.748 17.76 52-Week Change 3 1.43% 20.27 3 S&P500 52-Week Change 5.35% Forward PE 1 PEG Ratio (5 yr expected) Price/Sales (tm) 1 3.94 44.39 1.96 35.51 52 Week High 3 52 Week Low 3 50-Day Moving Average 3 200-Day Moving Average ? Price/Book (mra) 2.99 42.59 3 Enterprise Value/Revenue 2.91 42.40 Enterprise Value/EBITDA 9.42 Share Statistics 3 Financial Highlights 858.73 Fiscal Year 1.08M Avg Vol (3 month) Avg Vol (10 day) 3 Shares Outstanding 5 Float Fiscal Year Ends Dec 31, 2015 591M 590.12M Most Recent Quarter (mra) Sep 30, 2016 NIA Profitability 1 NIA Profit Margin 11.11% % Held by Insiders % Held by Institutions Shares Shorts Short Ratio 3 18.64M Operating Margin (tm) 20.34% 3 21.22 Management Effectiveness 3 Short % of Float 0.00% Retum on Assets (ttm) 5.98% 3 Shares Short (prior month) 18.19M Retum on Equity (tm) 17.95% Dividends & Splits Dividend history - Telus Record Date Payment Date Amount Q4-16 9-Dec-16 03-Jan-17 $0.48 Q3-16 9-Sept-16 03-Oct-16 $0.46 Q2-16 $0.46 10-Jun-16 04-Jul-16 11-Mar-16 01-Apr-16 Q1-16 $0.44 Q4-15 11-Dec-15 04-Jan-16 $0.44 Q3-15 10-Sep-15 01-Oct-15 $0.42 Q2-15 10-Jun-1 02-Jul-15 $0.42 Q1-15 11-Mar-15 01-Apr-15 $0.40 Q4-14 11-Dec-14 02-Jan-15 $0.40 Q3-14 10-Sep-14 01-Oct-14 $0.38 Q2-14 10-Jun-14 02-Jul-14 $0.38 Q1-14 11-Mar-14 01-Apr-14 $0.36 Q4-13 11-Dec-13 02-Jan-14 $0.36 Q3-13 10-Sep-13 01-Oct-13 $0.34 Q2-13 10-Jun-13 02-Jul-13 $0.34 Q1-13 11-Mar-13 01-Apr-13 $0.32 Q4-12 11-Dec-12 02-Jan-13 $0.32 Q3-12 10-Sep-12 01-Oct-12 $0.305 Q2-12 08-Jun-12 03-Jul-12 $0.305 Q1-12 09-Mar-12 02-Apr-12 $0.29 You wish to calculate the cost of equity for TELUS. A screenshot from finance.yahoo.com is available in the appendix of this case file. You can also find the dividend history for TELUS in the appendix of this case file. Follow the steps below to compute the cost of equity for TELUS. 2. Locate the most recent price for TELUS, the market capitalization, the number of shares outstanding, the beta, and compute the most recent five years annual dividend. What is the average dividend growth rate? Compute the cost of equity using Dividend Growth Model Approach. Total Dividend (Annual) Change (%) Year 2016 2015 2014 2013 2012 Average Une Toronto - Toronto Delayed Price. Currency in CAD 41.95 -0.03 (-0.07%) At close: 3:59 PM EST Summary Conversations Statistics Profile Financials Options Holders Historical Data Currency in CAD. Valuation Measures Trading Information 24.79B Stock Price History Market Cap (intraday) 5 5 Enterprise Value Trailing P/E 3 Beta 0.47 36.748 17.76 52-Week Change 3 1.43% 20.27 3 S&P500 52-Week Change 5.35% Forward PE 1 PEG Ratio (5 yr expected) Price/Sales (tm) 1 3.94 44.39 1.96 35.51 52 Week High 3 52 Week Low 3 50-Day Moving Average 3 200-Day Moving Average ? Price/Book (mra) 2.99 42.59 3 Enterprise Value/Revenue 2.91 42.40 Enterprise Value/EBITDA 9.42 Share Statistics 3 Financial Highlights 858.73 Fiscal Year 1.08M Avg Vol (3 month) Avg Vol (10 day) 3 Shares Outstanding 5 Float Fiscal Year Ends Dec 31, 2015 591M 590.12M Most Recent Quarter (mra) Sep 30, 2016 NIA Profitability 1 NIA Profit Margin 11.11% % Held by Insiders % Held by Institutions Shares Shorts Short Ratio 3 18.64M Operating Margin (tm) 20.34% 3 21.22 Management Effectiveness 3 Short % of Float 0.00% Retum on Assets (ttm) 5.98% 3 Shares Short (prior month) 18.19M Retum on Equity (tm) 17.95% Dividends & Splits Dividend history - Telus Record Date Payment Date Amount Q4-16 9-Dec-16 03-Jan-17 $0.48 Q3-16 9-Sept-16 03-Oct-16 $0.46 Q2-16 $0.46 10-Jun-16 04-Jul-16 11-Mar-16 01-Apr-16 Q1-16 $0.44 Q4-15 11-Dec-15 04-Jan-16 $0.44 Q3-15 10-Sep-15 01-Oct-15 $0.42 Q2-15 10-Jun-1 02-Jul-15 $0.42 Q1-15 11-Mar-15 01-Apr-15 $0.40 Q4-14 11-Dec-14 02-Jan-15 $0.40 Q3-14 10-Sep-14 01-Oct-14 $0.38 Q2-14 10-Jun-14 02-Jul-14 $0.38 Q1-14 11-Mar-14 01-Apr-14 $0.36 Q4-13 11-Dec-13 02-Jan-14 $0.36 Q3-13 10-Sep-13 01-Oct-13 $0.34 Q2-13 10-Jun-13 02-Jul-13 $0.34 Q1-13 11-Mar-13 01-Apr-13 $0.32 Q4-12 11-Dec-12 02-Jan-13 $0.32 Q3-12 10-Sep-12 01-Oct-12 $0.305 Q2-12 08-Jun-12 03-Jul-12 $0.305 Q1-12 09-Mar-12 02-Apr-12 $0.29