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Business, 07.05.2021 19:20 axiabarbie

Stock in ABC Enterprises has a beta of 1.28. The market risk premium is 7.4 percent, and T-bills are currently yielding 3.6 percent. ABC's most recently paid dividend was $1.62 per share, and dividends are expected to grow at an annual rate of 2 percent indefinitely. If the stock sells for $38 a share, what is your best estimate of ABC's cost of equity

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Stock in ABC Enterprises has a beta of 1.28. The market risk premium is 7.4 percent, and T-bills are...
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