You just paid a dividend of $2.80/share. The expected dividend growth rate for the foreseeable...
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You just paid a dividend of $2.80/share. The expected dividend growth rate for the foreseeable future is 7%. You need this for calculating the weighted average cost of capital. If the current price is $43.60 a share, what is the companys cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 12.34.)
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