The company paid dividends of40 45 52 and 60 per share in, Financial Accounting

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The company paid dividends of40 45 52 and 60 per share in

Suppose Massey Ltd. just issued a divi-dend of $.68 per share on its common stock. The company paid dividends of$.40, $.45, $.52, and $.60 per share in the last four years. If the stock currentlysells for $12, what is your best estimate of the company's cost of equity capital?

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Financial Accounting: The company paid dividends of40 45 52 and 60 per share in

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Financial Accounting: The company paid dividends of40 45 52 and 60 per share in

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