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A company has stock which costs $42.75 per share and pays a dividend of $2.90 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 $2.90 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. 12.66% B. 4.22% c. 16.88% D. 8.44%

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