What is best estimate of companys cost of equity capital

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Suppose Massey Ltd. just issued a divi-dend of $.68 per share on its common stock. The company paid dividends of$.40, $.45, $.52, and $.60 per share in the last four years. If the stock currentlysells for $12, what is your best estimate of the company's cost of equity capital?

Reference no: EM13898979

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