Solved: What is the companys cost of equity, Finance Basics

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What is the companys cost of equity

Assignment:

Reliable Electric is a regulated public utility, and it is expected to provide steady growth of dividends of 4% per year for the indefinite future. Its last dividend was $11 per share; the stock sold for $60 per share just after the dividend was paid.

What is the company's cost of equity?

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Finance Basics: What is the companys cost of equity

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