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24. The stock of Cabhor, Incorporated is trading at $7flflfl per share. The company just paid a dividend of $5.130 per share (that is, Du = 5.00}. The growth rate in dividends is projected to be 6 percent per year threw. What is Cabhor’s cost of equity capital (that is, compute the required rate of return on the stock}?

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24. The stock of Cabhor, Incorporated is trading at $7flflfl per share. The company just paid a dividend of
$5.130 per share (that is, Du = 5.00}. The growth rate in dividends is projected to be 6 percent per year
threw. What is Cabhor’s cost of equity capital (that is, compute the required rate of return on the
stock}?

 
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