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Gremlin Industries will pay a dividend of $1.60 per share this year. It is expected that this dividend will grow by 7% per year each

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Gremlin Industries will pay a dividend of $1.60 per share this year. It is expected that this dividend will grow by 7% per year each year in the future. The current price of Gremlin's stock is $22.80 per share. What is Gremlin's equity cost of capital? O A. 16% OB 13% O C. 14% OD. 18%

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