Judy's Boutique just paid an annual dividend of $3.13 on its common stock. The firm increases its dividend by 3.80 percent annually. What is the company's cost of equity if the current stock price is $41.56 per share?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Judy's Boutique just paid an annual dividend of $3.13 on its common stock. The firm increases its dividend by 3.80 percent annually. What is the company's cost of equity if the current stock price is $41.56 per share?

 

 
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