A companys last dividend was 150 per share based on the, Financial Management

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A companys last dividend was 150 per share based on the

A company’s last dividend was $1.50 per share. The dividends are expected to grow at a constant rate of 5% per year. The price of this company’s common stock today is $28 per share. The company’s marginal tax rate is 35%. Based on the above information, the cost of equity is approximately ?

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Financial Management: A companys last dividend was 150 per share based on the

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Financial Management: A companys last dividend was 150 per share based on the

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