Issued dividend-what is the companys cost of equity

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Reference no: EM13940109

The Muse Co. just issued a dividend of $2.95 per share on its common stock. The company is expected to maintain a constant 6.10 percent growth rate in its dividends indefinitely.

If the stock sells for $59 a share, what is the company’s cost of equity? (Round your answer to 2 decimal places. (e.g., 32.16))

Cost of Equity= %

Reference no: EM13940109

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