Suppose a company just issued a dividend of $1.56 per share on its common stock. The company paid dividends of $1.10, $1...
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Suppose a company just issued a dividend of $1.56 per share on its common stock. The company paid dividends of $1.10, $1.20, $1.32, and $1.43 per share in the last four years. If the stock currently sells for $38, what is your best estimate of the company's cost of equity capital?
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