What is the firm cost of common equity

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Reference no: EM131573111

(Cost of common equity) The common stock for the Best Corporation sells for $58.05 a share. Last year the firm paid a $3.94 dividend, which is expected to continue to grow 3.3 percent per year into the indefinite future. If Bestsold's tax rate is 34 percent, what is the firm's cost of common equity?

The firm's cost of common equity capital is _____% (round to 2 decimal places)

Reference no: EM131573111

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