The absolute zero co just issued a dividend of 315 per, Financial Management

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The absolute zero co just issued a dividend of 315 per

The Absolute Zero Co. just issued a dividend of $3.15 per share on its common stock. The company is expected to maintain a constant 6.5 percent growth rate in its dividends indefinitely. If the stock sells for $63 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 315 per

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