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20. Gremlin Industries will pay a dividend of $1.90 per share this year. It is expected that this dividend will grow by 4% per year

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20. Gremlin Industries will pay a dividend of $1.90 per share this year. It is expected that this dividend will grow by 4% per year each year in the future. The current price of Gremlin's stock is $23.75 per share. What is Gremlin's equity cost of capital? A) 11% B) 12% C) 14% D) 16%

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