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Countess Corp. is expected to pay an annual dividend of $5.05 on its common stock in one year. The current stock price is $77.75 per

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Countess Corp. is expected to pay an annual dividend of $5.05 on its common stock in one year. The current stock price is $77.75 per share. The company announced that it will increase its dividend by 3.60 percent annually. What is the company's cost of equity? Multiple Choice 9.81% 10.10% 10.33% 10.71% 9.53%

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