What is the cost of common stock for whitewall

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Reference no: EM13938436

Whitewall Tire Co. just paid an annual dividend of $1.35 on its common shares. If Whitewall is expected to increase its annual dividend by 3.00 percent per year into the foreseeable future and the current price of Whitewall’s common shares is $14.73, what is the cost of common stock for Whitewall? (Round answer to 2 decimal places, e.g. 15.25%.) Cost of common equity = %

Reference no: EM13938436

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