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A company has stock which costs $41.25 per share and pays a dividend of $2.50 per share this year. The company's cost of equity is

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A company has stock which costs $41.25 per share and pays a dividend of $2.50 per share this year. The company's cost of equity is 12%. What is the expected annual growth rate of the company's dividends? A. 23.76% B. 5.94% C. 17.82% OD. 11.88%

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