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Lancaster recently paid its annual dividend of $4.20 per share. At that time, the firm announced that all future dividends will be increased by 5.5

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Lancaster recently paid its annual dividend of $4.20 per share. At that time, the firm announced that all future dividends will be increased by 5.5 percent annually. What is the firm's cost of equity if the stock is currently selling for $51.75 per share? Multiple Choice 8.55% 13.62% 4.95% 8.11% 14.06%

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