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Whitewall Tire Co. just paid an annual dividend of $1.75 on its common shares.

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Whitewall Tire Co. just paid an annual dividend of $1.75 on its common shares. If Whitewall is expected to increase its annual dividend by 6.60 percent per year into the foreseeable future and the current price of Whitewall?s common shares is $20.12, what is the cost of common stock for Whitewall?

 

Paper#21233 | Written in 18-Jul-2015

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