4. Summerdahi Resorts common stock is currently trading at $43.85 a share. The stock is...
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4. Summerdahi Resorts common stock is currently trading at $43.85 a share. The stock is expected to pay a dividend of $1.20 a share at the end of the year (D1 = $1.20), and the dividend is expected to grow at a constant rate of 11.25% a year. What is its cost of common equity?
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