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What is the cost of its common equity capital

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Reference no: EM132930193

Problem 1: Sunland Wok Co. is expected to pay a dividend of $1.20 one year from today on its common shares. That dividend is expected to increase by 5.00 percent every year thereafter. If the price of Sunland common stock is $15.00, what is the cost of its common equity capital?

Reference no: EM132930193

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