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Chelsea Fashions is expected to pay an annual dividend of $1.10 a share next year. The market price of the stock is $26.00 and the

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Chelsea Fashions is expected to pay an annual dividend of $1.10 a share next year. The market price of the stock is $26.00 and the growth rate is 4 percent. What is the firm's cost of equity? 8.11 percent 7.92 percent 8.05 percent 8.28 percent 8.23 percent

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