The Lo Tech Co. just issued a dividend of $2.70 per share on its common...
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Accounting
| The Lo Tech Co. just issued a dividend of $2.70 per share on its common stock. The company is expected to maintain a constant 8 percent growth rate in its dividends indefinitely. |
| Required: | ||||||||||
| If the stock sells for $28.00 a share, what is the companys cost of equity? | ||||||||||
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