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1) Your company will pay a dividend at the end of this coming year of $3.50 per share, expecting growth in dividends of 4%. The
1) Your company will pay a dividend at the end of this coming year of $3.50 per share, expecting growth in dividends of 4%. The current stock price is $45 per share. What is the cost of equity?
a. 18.00%
b. 10.77%
c. 15.86%
d. 11.78%
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