Dr Nick

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About Dr Nick

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Teaching Since: May 2017
Last Sign in: 340 Weeks Ago, 4 Days Ago
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Education

  • MBA (IT), PHD
    Kaplan University
    Apr-2009 - Mar-2014

Experience

  • Professor
    University of Santo Tomas
    Aug-2006 - Present

Category > Business & Finance Posted 02 Jul 2017 My Price 14.00

Homework #6F (Cost of equity financing)

Finance

Question 6 (1 point)

 

Heavy Rain Corporation just paid a dividend of $2.95 per share, and the firm is expected to experience constant growth of 4.44% over the foreseeable future. The common stock is currently selling for $69.38 per share. What is Heavy Rain’s cost of retained earnings using the Gordon Model (DDM) approach?

Round the answers to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Your Answer:

 

Answers

Dr Nick
(4)
Status NEW Posted 02 Jul 2017 08:07 AM My Price 14.00

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