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( Cost of common equity ) The common stock for Oxford, Inc. is currently selling for $ 2 2 . 9 5 , and the

(Cost of common equity)The common stock for Oxford, Inc. is currently selling for $ 22.95, and the firm paid a dividend last year of $1.87. The dividends and earnings per share are projected to have an annual growth rate of 3.5 percent into the foreseeable future. What is the cost of common equity for Oxford?
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