Business, 07.03.2020 02:59, lilsnsbsbs

The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely. If the stock sells for $58 a share, what is the company’s cost of equity?

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The Drogon Co. just issued a dividend of $2.80 per share on its common stock. The company is expecte...