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P14.1 Calculating Cost of Equity (LO1] The Drogon Co. just issued a dividend of $226 per share on its common stock. The company is expected

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P14.1 Calculating Cost of Equity (LO1] The Drogon Co. just issued a dividend of $226 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the stock sells for $60 a share, what is the company's cost of equity? Multiple Choice es 8.95% 8.77% 8.51% 9.4% 4:0496

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