Sutter Corporation's ordinary shares are selling for $16.80 a share.Last year,Sutter paid a dividend of $.80.Investors are expecting Sutter's dividends to grow at a rate of 5% per year.What is the cost of ordinary equity?

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The Answer of Sutter Corporation's ordinary shares are selling for $16.80 a share.Last year,Sutter paid a dividend of $.80.Investors are expecting Sutter's dividends to grow at a rate of 5% per year.What is the cost of ordinary equity?

Sutter Corporation's Ordinary Shares Are Selling for $16