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A stock sells for $20 per share, its last dividend (D1) was $1.00, and its growth rate is a constant 6%. What is its cost

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A stock sells for $20 per share, its last dividend (D1) was $1.00, and its growth rate is a constant 6%. What is its cost of common stock? 5.3% 11.0% 11.3% 11.6%

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