Express what is the company cost of equity

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Tim's Tools just issued a dividend of $1.80 per share on its common stock. The company is expected to maintain a constant 4 percent growth rate in its dividends indefinitely. If the stock sells for $31 a share, what is the company's cost of equity? 8.81 percent 9.94 percent 9.37 percent 10.04 percent 10.46 percent

Reference no: EM13271454

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