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Countess Corp. is expected to pay an annual dividend of $469 on its common stock in one year. The current stock price is $74.63 per

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Countess Corp. is expected to pay an annual dividend of $469 on its common stock in one year. The current stock price is $74.63 per share. The company announced that it will increase its dividend by 3 80 percent annually. What is the company's cost of equity? Multiple Choice

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