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9. 10. XYZ Company issues common stock at a price of $25 a share. The firm expects to pay a of$2.20 a share next year.

10. XYZ Company issues common stock at a price of $25 a share. The firm expects to pay a of$2.20 a share next year. If the dividend is expected to grow at 2.5% annually. dividend what is XYZ's cost of common equity? A. 6.3% B. 11.3% C. 13.7% D. 8.9%

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