What is your estimate of highgrowths cost of equity


HighGrowth Company has a stock price of $18. The firm will pay a dividend next year of $1.09, and its dividend is expected to grow at a rate of 4.2% per year thereafter. What is your estimate of HighGrowth's cost of equity capital? (round to one decimal place).

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Financial Management: What is your estimate of highgrowths cost of equity
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