What is the companys cost of equity

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Reference no: EM13907393

The Absolute Zero Co. just issued a dividend of $2.55 per share on its common stock. The company is expected to maintain a constant 5.3 percent growth rate in its dividends indefinitely.

If the stock sells for $51 a share, what is the company’s cost of equity

Cost of equity= %

Reference no: EM13907393

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