Business, 25.11.2020 21:20 jonathanvega424

The Pierce Co. just issued a dividend of $2.35 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the stock sells for $44 a share, what is the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) Cost of equity %

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The Pierce Co. just issued a dividend of $2.35 per share on its common stock. The company is expecte...