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A company has stock which costs $42.50 per share and pays a dividend of $2.90 per share this year. The company's cost of equity is

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A company has stock which costs $42.50 per share and pays a dividend of $2.90 per share this year. The company's cost of equity is 12%. What is the expected annual growth rate of the company's dividends? O A. 10.36% OB. 5.18% OC. 15.54% OD. 20.72%

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