Suppose hornsby ltd just issued a dividend of 247 per share, Ask an Expert

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Suppose Hornsby Ltd. just issued a dividend of $2.47 per share on its common stock. The company paid dividends of $1.97, $2.04, $2.21, and $2.31 per share in the last four years.

If the stock currently sells for $66, what is your best estimate of the company's cost of equity capital using arithmetic and geometric growth rates?

(Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
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