Neeson Co. paid dividends in the last three years of $3.00, $3.15, and
Neeson Co. paid dividends in the last three years of $3.00, $3.15, and $3.31, respectively. The current stock price of Neeson is $30.00. Assuming the next dividend will grow at the same rate as the last three years, what is Neeson’s cost of equity?
A) 16.62%
B) 10.00%
C) 11.59%
D) 16.03%
E) 12.52%
ANSWER
A
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