Multiple Choice
Garville Corporation has a current stock price of $7.43 and is expected to sell for $8.14 in one year's time,immediately after it pays a dividend of $0.35.Which of the following is closest to Garville's equity cost of capital?
A) 4.8%
B) 6.1%
C) 6.7%
D) 9.6%
E) 14.3%
Correct Answer:
Verified
Correct Answer:
Verified
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