Issued dividend of per share on its common stock

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The Muse Co. just issued a dividend of $3.45 per share on its common stock. The company is expected to maintain a constant 7.10 percent growth rate in its dividends indefinitely.

If the stock sells for $69 a share, what is the company’s cost of equity? (Round your answer to 2 decimal places. (e.g., 32.16))

Cost of equity %

Reference no: EM13939844

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Issued dividend of per share on its common stock : The Muse Co. just issued a dividend of $3.45 per share on its common stock. The company is expected to maintain a constant 7.10 percent growth rate in its dividends indefinitely. If the stock sells for $69 a share, what is the company’s cost of equit..

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