The earnings, dividends, and stock price of shelby inc
The earnings, dividends, and stock price of Shelby Inc. arc expected to grow at 7% per year in the future. Shelby’s common stock sells for $23 per share, its last dividend was $2.00, and the company will pay a dividend of $2.14 at the end of the current year. Using the discounted cash flow approach, what is its cost of equity? If the firm’s beta […]