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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 firm's cost
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?
a. 4.89 percent
b. 6.73 percent
c. 6.62 percent
d. 7.38 percent
e.7.12 percent
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