Mironrsquos copper corp management expects its common stock, Financial Management

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Mironrsquos copper corp management expects its common stock

Miron’s Copper Corp. management expects its common stock dividends to grow 1.77 percent per year for the indefinite future. The firm’s shares are currently selling for $21.60, and the firm just paid a dividend of $3.00 yesterday. What is the cost of common stock for Miron? (Round answer to 0 decimal places, e.g. 15%.)

Cost of common stock _______ %

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Financial Management: Mironrsquos copper corp management expects its common stock

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