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Business, 13.08.2020 21:01 Nathaliasmiles

The Drogon Co. just issued a dividend of $3.05 per share on its common stock. The company is expected to maintain a constant 6.3 percent growth rate in its dividends indefinitely. If the stock sells for $61 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.)

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The Drogon Co. just issued a dividend of $3.05 per share on its common stock. The company is expecte...
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