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Find the Cost of Equity: The company has issued equity stock priced at $1000 each for its 15,000 shares. the company is expected to give

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Find the Cost of Equity: The company has issued equity stock priced at $1000 each for its 15,000 shares. the company is expected to give $110 as dividend for each share next year and thereafter the company is expected to grow at the rate of 10% in the foreseeable future. What is its equity cost of capital? 15% 21% 24% 18%

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