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Jerome Manufacturing has a beta of 1.58, a stock price of $56, and recently paid an annual dividend of $1.96 a share. The dividend growth

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Jerome Manufacturing has a beta of 1.58, a stock price of $56, and recently paid an annual dividend of $1.96 a share. The dividend growth rate is 4.8 percent. The market has a 14 percent rate of return and a risk premium of 6.3 percent. What is the firm's cost of equity? 12.64% 12.76% 12.87% 13.06%

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