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14. The Gordon Company has just issued a common stock dividend of $4.00 per share. The growth rate for Gordon's dividends is expected to be

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14. The Gordon Company has just issued a common stock dividend of $4.00 per share. The growth rate for Gordon's dividends is expected to be 4% per year indefinitely into the future. the stock sells for $70 per share today, what is Gordon's cost of equity. a. 9.71% b. 5.71% c. 9.94% d. 8.94% e. 9.32%

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