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Dervish & Banges extraordinary wands announced that the next dividend at the end of the year will be $1.75. The company has maintained a history
Dervish & Banges extraordinary wands announced that the next dividend at the end of the year will be $1.75. The company has maintained a history of increasing dividends at a rate of 3%. If the current stock price is $45, what is Dervish & Banges' cost of equity? Select one: A. 3% OB. 7.12% O C. 3.89% D. 8.40% E. 6.89%
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