Neal Enterprises common stock is currently priced at $36.80 a share.The company is expected to pay $1.20 per share next month as their annual dividend.The dividends have been increasing by 2 percent annually and are expected to continue doing so.What is the cost of equity for Neal Enterprises?
A) 5.18 percent
B) 5.22 percent
C) 5.26 percent
D) 5.33 percent
E) 5.67 percent
Correct Answer:
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