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A firm is expected to pay a dividend of $12 per share any day now. This dividend, along with the firm's earnings, are expected to

A firm is expected to pay a dividend of $12 per share any day now. This dividend, along with the firm's earnings, are expected to grow at a rate of 4% forever. If the current market price for a share is $67, what is the cost of equity? 9.58% 21.91% 18.63% 5.58% 22.63%

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