Hometown Industries has paid annual dividends of $2.00, $2.08, $2.15, and $2.25 per share over the last four years, respectively. The stock is currently selling for $46.80 a share. What is this firm's cost of equity?

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The Answer of Hometown Industries has paid annual dividends of $2.00, $2.08, $2.15, and $2.25 per share over the last four years, respectively. The stock is currently selling for $46.80 a share. What is this firm's cost of equity?

Hometown Industries Has Paid Annual Dividends of $2