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10. Lites Co. is expected to pay an annual dividend of $2.20 a share next year. This dividend is expected to increase by 5 percent

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10. Lites Co. is expected to pay an annual dividend of $2.20 a share next year. This dividend is expected to increase by 5 percent annually. The company's stock is currently selling for $53.20 per share. What is the st of equity? a. 4.14 percent b. 4.34 percent c.9.14 percent d. 9.34 percent

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