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Business, 27.05.2020 20:07 Daud2020

Rossdale Co. stock currently sells for $69.13 per share and has a beta of .89. The market risk premium is 7.20 percent and the risk-free rate is 2.93 percent annually. The company just paid a dividend of $3.61 per share, which it has pledged to increase at an annual rate of 3.30 percent indefinitely. What is your best estimate of the company's cost of equity?

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Rossdale Co. stock currently sells for $69.13 per share and has a beta of .89. The market risk premi...
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