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12. Iklea's current stock price is $25.00 and the company just paid a dividend of $1.50. The dividend is expected to grow at a constant

12. Iklea's current stock price is $25.00 and the company just paid a dividend of $1.50. The dividend is expected to grow at a constant growth rate of 2.5%. What is the firm's cost of equity? A. 6.2% B. 8.5% C. 8.7% D. 9.1%

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