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Martin Industries just paid an annual dividend of $1.90 a share. The market price of the stock is $28.60 and the growth rate is 6.6

Martin Industries just paid an annual dividend of $1.90 a share. The market price of the stock is $28.60 and the growth rate is 6.6 percent. What is the firm's cost of equity?

	25.99 percent
	14.58 percent
	7.20 percent
	13.68 percent
	12.83 percent

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