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QUESTION
SB Mills is expected to pay an annual dividend of $1.50 a share next year. The market price of the stock is $32.50 and the growth is 8.5 percent.
SB Mills is expected to pay an annual dividend of $1.50 a share next year. The market price of the stock is $32.50 and the growth is 8.5 percent. What is the firms cost of equity?
