Company Pirates just paid a $0.70 dividend on its common stock (its only form of...
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Finance
Company Pirates just paid a $0.70 dividend on its common stock (its only form of capital). Company Piratess stock is currently trading for $19.50 per share. Your analysis indicates that Company Piratess dividend should grow at 1.5% per year for the foreseeable future. What is Company Piratess cost of capital?
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