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51. Thingamajigger, Inc.'s common stock is currently selling for S66.25 per share. You expect the next dividend to be $5.30 per share. If the firm

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51. Thingamajigger, Inc.'s common stock is currently selling for S66.25 per share. You expect the next dividend to be $5.30 per share. If the firm has a dividend growth rate of 4% that is expected to remain constant indefinitely, what is the firm's cost of equity? a. 12.0% b. 12.3% C. 13.5% d. 13.9% 14.1% e

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