Problemthe devon co just issued a dividend of 256 per share, Ask an Expert

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Problem:

The Devon Co. just issued a dividend of $2.56 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely.

Required:

If the stock sells for $30 a share, what is the company's cost of equity?

Note: Please show how you came up with the solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91162165

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