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Geer Inc. just paid its first annual dividend of $1.60 a share. The firm plans to increase the dividend by 3 percent per year indefinitely.

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Geer Inc. just paid its first annual dividend of $1.60 a share. The firm plans to increase the dividend by 3 percent per year indefinitely. What is the firm's cost of equity if the current stock price is $26 a share? 9.34 percent 8.19 percent 7.46 percent 6.94 percent

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