Exponential and Logarithmic Functions:

Sep 13, 2008 · Since the Dividend Payout Ratio is constant, then the dividends growth rate will be the same as the growth rate in earnings per share. The earnings per share have increased from 1.39 in year 1 to 2.48 in Year 10 - the total period of 9 years. Using the rate function in excel: r = 0.066. Cost of equity using the constant growth capitalization model: ................
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