The stock just paid an annual dividend of 3 and currently


Cliff Corp has 1,000,000 shares of stock outstanding. The stock just paid an annual dividend of $3 and currently sells for $30 per share. Revenues, income and dividends are expected to grow at 5% indefinitely. What is Cliff Corp's cost of equity?

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Finance Basics: The stock just paid an annual dividend of 3 and currently
Reference No:- TGS02264344

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