单选题
The expected dividend one year from today is $2.50 for a share of stock priced at $22.50. The long-term growth in dividends is projected at 8 percent. The cost of common equity is closest to :
A、
A. 15.6%.
B、
B. 16.2%.
C、
C. 19.1%.
【正确答案】
C
【答案解析】
K
ce
= (D
1
/P
0
) +g = [ 2.50 / 22.50 ] +0.08 =0.19111, or 19.1%.
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