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QUESTION
Calculating the Cost of Equity [LO1] Floyd Industries stock has a beta of 1. The company just paid a dividend of $.80, and the dividends are...
23. Calculating the Cost of Equity [LO1] Floyd Industries stock has a beta of 1.50. The company just paid a dividend of $.80, and the dividends are expected to grow at 5 percent. The expected return of the market is 12 percent, and Treasury bills are yielding 5.5 percent. The most recent stock price for Floyd is $61.a.
