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Chelsea Fashions is expected to pay an annual dividend of $1.20 a share next year. The market price of the stock is $27.00 and the

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Chelsea Fashions is expected to pay an annual dividend of $1.20 a share next year. The market price of the stock is $27.00 and the growth rate is 5 percent. What is the firm's cost of equity? Multiple Choice 9.32 percent 9.44 percent X 9.49 percent 9.26 percent 9.13 percent

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