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A company has stock which costs $42.25 per share and pays a dividend of $3.00 per share this year. The company's cost of equity is
A company has stock which costs $42.25 per share and pays a dividend of $3.00 per share this year. The company's cost of equity is 11%. What is the expected annual growth rate of the company's dividends? A. 11.7%. B. 3.9% C. 15.6% D. 7.8%
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