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Luther Industries has a dividend yield of 4.8% and a cost of equity capital of 15%. Luther Industries' dividends are expected to grow at a
Luther Industries has a dividend yield of
4.8%
and a cost of equity capital of
15%.
Luther Industries' dividends are expected to grow at a constant rate indefinitely. The growth rate of Luther's dividends are closest to:
A.
19.8%
B.
20.4%
C.
10.2%
D.
9.2%
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