Martin Industries just paid an annual dividend of $1.90 a share. The market price of the stock is $28.60 and the growth rate is 6.6 percent. What is the firm’s cost of equity?
25.99 percent
14.58 percent
7.20 percent
13.68 percent
12.83 percent
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Martin Industries just paid an annual dividend of $1.90 a share. The market price of the stock is $28.60 and the growth rate is 6.6 percent. What is the firm’s cost of equity?
25.99 percent
14.58 percent
7.20 percent
13.68 percent
12.83 percent