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QUESTION
The current price of Latera Corporation's common stock is $45 per share. The company expects to pay a dividend of $3.30 per share during the next...
The current price of Latera Corporation’s common stock is $45 per share. The company expects to pay a dividend of $3.30 per share during the next year. The expected growth rate of the stock is 12%. Calculate the cost of equity using the constant-growth model.
- 13.64%
- 19.33%
- 7.33%
- 7.60%
