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As a Finance analyst, youve been asked to determine the appropriate cost of capital for...

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Finance

As a Finance analyst, youve been asked to determine the appropriate cost of capital for Doordash. Doordash paid a dividend this year of $0.50 and has forecasted growth of 15%. The current price is $10.50. What is the companys cost of equity? (Hint: Carefully read and consider the time frame associated with the dividend before solving).

State as a percentage to the nearest tenth decimal (x.x%)

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