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The Muse Co. just issued a dividend of $2.95 per share on itscommon stock. The company is

The Muse Co. just issued a dividend of $2.95 per share on itscommon stock. The company is

The Muse Co. just issued a dividend of $2.95 per share on itscommon stock. The company is expected to maintain a constant 6.10percent growth rate in its dividends indefinitely.

 

If the stock sells for $59 a share, what is the company’s costof equity? (Round your answer to 2 decimal places. (e.g.,32.16))

Cost of Equity= %

Abhinav 02-Dec-2019

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