(Answered) The down and out co just issued a dividend of 246 per share

Finance

The Down and Out Co. just issued a dividend of $2.46 per share on its common stock. The company is expected to maintain a constant 4 percent growth rate in its dividends indefinitely. If the stock sells for $35 a share, what is the company's cost of equity?

11.88%
11.31%
11.03%
10.74%
7.42%

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