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32.Martin Corporation's common stock is currently selling for $50 per share. The current dividend is $2.00 per share. If dividends are expected to grow at
32.Martin Corporation's common stock is currently selling for $50 per share. The current dividend is $2.00 per share. If dividends are expected to grow at 6 percent per year and the rm's tax rate is 40%, then rm's cost of common equity is a) 10.71% b) 10.24% c) 8.44% d) 11.38% a) 9.31%
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