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12) Gremlin Industries will pay a dividend of 51.75 per share this year. It is expected that this dividend will grow by 7% per year

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12) Gremlin Industries will pay a dividend of 51.75 per share this year. It is expected that this dividend will grow by 7% per year each year in the future. The current price of Gremlin's stock is $22.40 per share. What is Gremlin's equity cost of capital? A) 14% B) 15% C) 19% D) 17%

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