Whitewall Tire Co. just paid an annual dividend of $1.20 on its common shares. If Whitewall is expected to increase its annual dividend by 4.
Whitewall Tire Co. just paid an annual dividend of $1.20 on its common shares. If Whitewall is expected to increase its annual dividend by 4.10 percent per year into the foreseeable future and the current price of Whitewall’s common shares is $18.32, what is the cost of common stock for Whitewall?
