Multiple Choice
Gremlin Industries will pay a dividend of $1.80 per share at the end of this year.It is expected that this dividend will grow by 4% per year each year in the future.The current price of Gremlin's stock is $22.40 per share.What is Gremlin's equity cost of capital?
A) 11%
B) 12%
C) 14%
D) 16%
E) 18%
Correct Answer:
Verified
Correct Answer:
Verified
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