The Muse Co Just Issued A Dividend Of 3 01 Per Share On Its Common Stock The Com (1)

The Muse Co. just issued a dividend of $3.01 per share on its common stock. The company is expected to maintain a constant 6.19 percent growth rate in its dividends indefinitely.

If the stock sells for $66 a share, what is the company’s cost of equity? 

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