Assume a company paid a dividend per share this year of $1.00, which is expected to grow at 3 percent per year indefinitely. If its share price is $20, what is the cost of common equity?

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The Answer of Assume a company paid a dividend per share this year of $1.00, which is expected to grow at 3 percent per year indefinitely. If its share price is $20, what is the cost of common equity?

Assume a Company Paid a Dividend Per Share This Year