question archive What is the cost of equity if the company paid a dividend of $2 last year and is expected to grow at a constant rate of 7%

What is the cost of equity if the company paid a dividend of $2 last year and is expected to grow at a constant rate of 7%

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What is the cost of equity if the company paid a dividend of $2 last year and is expected to grow at a constant rate of 7%. The stock price is currently $40.

 

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