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Crane Wok Co. is expected to pay a dividend of $1.10 one year from today on its common shares. That dividend is expected to increase

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Crane Wok Co. is expected to pay a dividend of $1.10 one year from today on its common shares. That dividend is expected to increase by 5.00 percent every year thereafter. If the price of Crane common stock is $10.00, what is the cost of its common equity capital? Cost of common equity

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