Asked by George

Stock in Country Road Industries has a beta of 0.8940. The market risk premium is 8.7 percent, and T-bills are currently yielding 4.8 percent. The company's most recent dividend was $1.8 per share, and dividends are expected to grow at a 5 percent annual rate indefinitely. If the stock sells for $32.0 per share, your best estimate of Country Road's cost of equity is
Answered by zxdcvX
645634
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