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Quesdon 10 Crane Sporting Goods expects to have earnings per share of $6 next year. Rather than reinvesting these earnings & grow, form plans to

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Quesdon 10 Crane Sporting Goods expects to have earnings per share of $6 next year. Rather than reinvesting these earnings & grow, form plans to pay out all of its earnings as a dividend le.. 100% is paid out as dividend). With these expectations of ne growth (8-0) In dividend, Crane's current share price is $60. What is Crane's equity cost of capital.Cd? O 12.00% O 10.00% O 11.00% O 1.00% O 13.00%

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