The Triblani Company Just Issued a dividend of $2.95 per share on its common stock. The company is expected to maintaln a constant 6.1 percent growth rate in its dividends Indefinitely. If the stock sells for $59 a share, what Is the company's cost of equity? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of equity %
The Triblani Company Just Issued a dividend of $2.95 per share on its common stock. The company is expected to maintaln a constant 6.1 percent growth rate in its dividends Indefinitely. If the stock sells for $59 a share, what Is the company's cost of equity? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Cost of equity %
Chapter7: Common Stock: Characteristics, Valuation, And Issuance
Section: Chapter Questions
Problem 2P
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