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A common stock issue is currently selling for $36 per share. You expect the next dividend to be $1.39 per share. If the firm has
A common stock issue is currently selling for $36 per share. You expect the next dividend to be $1.39 per share. If the firm has a dividend growth rate of 5.5% that is expected to remain constant indefinitely, what is the firm's cost of equity? 1) 9.36% 2) 14.2% 3) 9.52% 4) 13.8 5) 11.3%
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