The down and out co just issued a dividend of 226 per share, Ask an Expert

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The Down and Out Co. just issued a dividend of $2.26 per share on its common stock. The company is expected to maintain a constant 6 percent growth rate in its dividends indefinitely. If the stock sells for $40 a share, what is the company's cost of equity? (Do not round your intermediate calculations.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92766630

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