Multiple Choice
Xcom Industries will pay a dividend of $0.44 next year,and expects its dividends to grow at 8% per year.The current price of Xom stock is $6.45 per share.What is Xom's cost of equity?
A) 17%
B) 14.8%
C) 6.8%
D) 7.4%
E) 15.4%
Correct Answer:
Verified
Correct Answer:
Verified
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