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Dorpac Corporation has a dividend yield of 1.5%. Dorpacs equity cost of capital is 8%, and its dividends are expected to grow at a constant
Dorpac Corporation has a dividend yield of 1.5%. Dorpacs equity cost of capital is 8%, and its dividends are expected to grow at a constant rate. What is the expected growth rate of Dorpacs dividends?
A. 8%
B. 9.5%
C. 6.5%
D. 5.3%
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