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Business, 16.12.2019 23:31 BEEFYTACO

Suppose hornsby ltd. just issued a dividend of $2.48 per share on its common stock. the company paid dividends of $1.98, $2.05, $2.22, and $2.32 per share in the last four years. if the stock currently sells for $67, what is your best estimate of the company’s cost of equity capital using arithmetic and geometric growth rates?

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Suppose hornsby ltd. just issued a dividend of $2.48 per share on its common stock. the company paid...
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