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Gremlin Industries will pay a dividend of $1.80 per share this year. It is expected that this dividend will grow by 4% per year each

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Gremlin Industries will pay a dividend of $1.80 per share this year. It is expected that this dividend will grow by 4% per year each year in the future. The current price of Gremlin's stock is $22.50 per share. What is Gremlin's equity cost of capital? O A. 14% OB. 12% O C. 11% OD. 16%

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