A company has stock which costs $42.00 per share and pays a dividend of $2.30 per share this year. The company's cost of equity is 11%. What is the expected annual growth rate of the company's dividends? O A. 11.04% O B. 16.56% OC. 5.52% O D. 22.08%
A company has stock which costs $42.00 per share and pays a dividend of $2.30 per share this year. The company's cost of equity is 11%. What is the expected annual growth rate of the company's dividends? O A. 11.04% O B. 16.56% OC. 5.52% O D. 22.08%
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter17: Dynamic Capital Structures And Corporate Valuation
Section: Chapter Questions
Problem 5P
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