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Home Depot's stock is currently trading at $25. The stock will pay a dividend of $4.20 next year and dividends are expected to increase by

Home Depot's stock is currently trading at $25. The stock will pay a dividend of $4.20 next year and dividends are expected to increase by 7.00% thereafter. what is the cost of equity for Home Depot based on the dividenf groth model ?

23.32%

23.80%

24.98%

22.61%

24.99%

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