If the firm has a dividend growth rate of 9 that is expectd


A common stock issue is currently selling for $31 per share. You expect the next dividend to be $1.42 per share. If the firm has a dividend growth rate of 9% that is expectd to remain constant indefinitely, what is the firm's cost of equity?

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Financial Management: If the firm has a dividend growth rate of 9 that is expectd
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