If the stock sells for 40 a share what is the companys cost, Financial Management

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If the stock sells for 40 a share what is the companys cost

The Down and Out Co. just issued a dividend of $2.26 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 $40 a share, what is the company's cost of equity? (Do not round your intermediate calculations.)

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Financial Management: If the stock sells for 40 a share what is the companys cost

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Financial Management: If the stock sells for 40 a share what is the companys cost

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