Calculating cost of equity the lo tech co just issued a, Financial Management

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Calculating cost of equity the lo tech co just issued a

Calculating Cost of Equity. The Lo Tech Co. just issued a dividend of $1.80 per share on its common stock. The company is expected to maintain a constant 6 percent growth rate in its dividends indefinitely. If the stock sells for $41 a share, what is the company’s cost of equity?

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