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Baxter Industries just paid a dividend of $1.34. The company predicts that the dividend will increase by 3.5 percent each year indefinitely. What is the
Baxter Industries just paid a dividend of $1.34. The company predicts that the dividend will increase by 3.5 percent each year indefinitely. What is the firm's cost of equity if the shares are selling for $43 each?
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7.12 percent
4.89 percent
6.62 percent
6.73 percent
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