Sandhill’s Copper Corp. management expects its common stock dividends to grow 1.74 percent per year for the indefinite future. The firm’s shares are currently selling for $21.60, and the firm just paid a dividend of $3.00 yesterday. What is the cost of common stock for Sandhill? (Round answer to 2 decimal places, e.g. 15.25%.) Cost of common stock   Type your answer here %

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
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Sandhill’s Copper Corp. management expects its common stock dividends to grow 1.74 percent per year for the indefinite future. The firm’s shares are currently selling for $21.60, and the firm just paid a dividend of $3.00 yesterday. What is the cost of common stock for Sandhill? (Round answer to 2 decimal places, e.g. 15.25%.)

Cost of common stock   Type your answer here %
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