Multiple Choice
Manchester Mechanical Ltd. paid a dividend this year of $6.30 on each of its 450,000 common shares outstanding. Current market price is $56.00. Dividends are expected to grow by 1.5% per year. What is the cost of share capital to the business?
A) 11.3%
B) 11.4%
C) 12.8%
D) $2.88 million
E) $25.2 million
Correct Answer:
Verified
Correct Answer:
Verified
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