Question: the shoe outlet has paid annual dividends of 080 085...
The Shoe Outlet has paid annual dividends of $0.80, $0.85, $1.05, $1.25, and $1.50 per share over the last five years, respectively. The stock is currently selling for $56.23 a share. What is the cost of equity?
Please check the answers and show all work typed out. No excel or grid style please as I am on mobile.