What is your best estimate of the companys cost of equity

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Reference no: EM13877632

Suppose Tom, Ltd. just issued a dividend of $2.00 per share on its common stock. The company’s dividends have been growing at a rate of 7%. If the stock currently sells for $50.00, what is your best estimate of the company’s cost of equity? (Show your work.)

Reference no: EM13877632

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