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A company has stock which costs $43.25 per share and pays a dividend of $2.50 per share this year. The company's cost of equity is

A company has stock which costs $43.25 per share and pays a dividend of $2.50 per share this year. The company's cost of equity is 10%.

What is the expected annual growth rate of the company's dividends?

A. 8.44%

B. 4.22%

C. 12.66%

D. 16.88%

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