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The absolute zero co just issued a dividend of 270 per

The Absolute Zero Co. just issued a dividend of $2.70 per share on its common stock. The company is expected to maintain a constant 5.6 percent growth rate in its dividends indefinitely.

If the stock sells for $54 a share, what is the company's cost of equity?

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Financial Management: The absolute zero co just issued a dividend of 270 per

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