Abc inc just paid its first annual dividend of 19 a share, Financial Management

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Abc inc just paid its first annual dividend of 19 a share

ABC Inc. just paid its first annual dividend of $1.9 a share. The firm plans to increase the dividend by 4 percent per year indefinitely. What is the firm’s cost of equity if the current stock price is $66.62 a share?

Enter your answer in percentages rounded off to two decimal points.

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Financial Management: Abc inc just paid its first annual dividend of 19 a share

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Financial Management: Abc inc just paid its first annual dividend of 19 a share

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