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Cameron Industries is expected to pay an annual dividend of $1.30 a share next month. The market price of the stock is $24.80 and the

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Cameron Industries is expected to pay an annual dividend of $1.30 a share next month. The market price of the stock is $24.80 and the growth rate is 3 percent. What is the firm's cost of equity? A. 8.24% B. 8.40% C. 7.58% D. 7.91%

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