What is the cost of common stock for whitewall

Reference no: EM13543846

Whitewall Tire Co. just paid an annual dividend of $1.75 on its common shares. If Whitewall is expected to increase its annual dividend by 6.60 percent per year into the foreseeable future and the current price of Whitewall's common shares is $20.12, what is the cost of common stock for Whitewall?

Reference no: EM13543846

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