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Jaynestown Corp is currently priced at $ 2 8 . 0 0 per share. They just paid their annual dividend of $ 0 . 6

Jaynestown Corp is currently priced at $28.00 per share. They just paid their annual dividend of $0.69. They have been experiencing growth in dividends of 6% and expect hs io continue. What is the firm's cost of equity? a 6.25% b)6.91% c)11.25% d)9.81% e)8.61%

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