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Kitelingers is expected to pay an annual dividend of $1.80 a share next year and increase all future dividends by 3 percent annually. What is

Kitelingers is expected to pay an annual dividend of $1.80 a share next year and increase all future dividends by 3 percent annually. What is the firms cost of equity if its stock is currently selling for $44.55 a share?

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6.81%

7.11%

7.04%

7.23%

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