Duke energy has been paying dividends steadily for 20 years


Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 8%. If Duke Energy's current stock price is $82 and the firm plans to pay a dividend of $5.20 next year, what is Duke's cost of common stock equity?

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Financial Management: Duke energy has been paying dividends steadily for 20 years
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