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Martin Industries just paid an annual dividend of R1,20 a share. The market price of the share is R26,60 and the growth rate is 4

Martin Industries just paid an annual dividend of R1,20 a share. The market price of the share is R26,60 and the growth rate is 4 per cent. What is the firm's cost of equity?

A.8,69 per cent

B.8,57 per cent

C.8,51 per cent

D.8,38 per cent

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