Solved: Duke energy has been paying dividends steadily for 20 years, Finance Basics

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Duke energy has been paying dividends steadily for 20 years

Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 7%. If Duke Energy's current stock price is $78 and the firm plans to pay a dividend of $6.50 next year, what is Duke's cost of common stock equity?

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Finance Basics: Duke energy has been paying dividends steadily for 20 years

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