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9 Chelsea Fashions is expected to pay an annual dividend of $1.10 a share next year. The market price of the stock is $21.80 and

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9 Chelsea Fashions is expected to pay an annual dividend of $1.10 a share next year. The market price of the stock is $21.80 and the growth rate is 4.5 percent. What is the firm's cost of equity? Multiple Choice 9.77 percent 7.91 percent 9.24 percent 9.55percent 10.54 percent

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