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A company just paid a dividend of $0.70 a share. The stocks beta is -0.15....

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Finance

A company just paid a dividend of $0.70 a share. The stocks beta is -0.15. The companys stock price is currently $43.05 and the companys dividends are expected to grow at a constant rate of 6.17 percent per year. The companys cost of equity is
percent. Calculate to 1 decimal place using the following formula:
Rs = D1/ P0+ g

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