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Answer urgent !!! 35. A company just paid a $2.00 per share dividend on its common stock. The dividend is expected to grow at a

Answer urgent !!!
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35. A company just paid a $2.00 per share dividend on its common stock. The dividend is expected to grow at a constant rate of 7 percent per year. The stock currently sells for $41 a share. What is the cost of newly issued common stock k cs? ? A. 11.76% B. 11.88% C. 11.98% D. 12.22% E. 12.30%

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