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A company has stock which costs $42.75 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 $42.75 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? O A. 15.92% B. 11.94% OC. 3.98% OD 7.96%

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