Smith energy has a beta of 114 a variance of 00224 a, Financial Management

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Smith energy has a beta of 114 a variance of 00224 a

Smith Energy has a beta of 1.14, a variance of 0.0224, a dividend growth rate of 2.6 percent, a stock price of $35 a share, and an expected annual dividend of $1.31 per share next year. The market rate of return is 11.7 percent and the risk-free rate is 4.2 percent. What is the cost of equity (in percents) for Smith Energy?

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Financial Management: Smith energy has a beta of 114 a variance of 00224 a

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Financial Management: Smith energy has a beta of 114 a variance of 00224 a

Reference No:- TGS01278335

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