Martin Industries just paid an annual dividend of $1.20 a share. The m
Martin Industries just paid an annual dividend of $1.20 a share. The market price of the stock is $26.60 and the growth rate is 4 percent. What is the firm’s cost of equity?
A) 8.38 percent
B) 8.51 percent
C) 8.57 percent
D) 8.69 percent
E) 8.74 percent
ANSWER
D
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