The absolute zero co just issued a dividend of 3 40 per, Ask an Expert

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The Absolute Zero Co. just issued a dividend of $3 40 per share on its common stock The company is expected to maintain a constant 7 percent growth rate in its dividends indefinitely.

If the stock sells for $68 a share, what is the company's cost of equity? (Do not round intermediate calculations, linter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92056912

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