What is the cost of common stock for whitewall

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Whitewall Tire Co. just paid an annual dividend of $1.65 on its common shares. If Whitewall is expected to increase its annual dividend by 2.50 percent per year into the foreseeable future and the current price of Whitewall's common shares is $21.13, what is the cost of common stock for Whitewall?

Reference no: EM13266454

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