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Question 11 (1 point) The Fancy Nancy Corporation is expected to pay an annual dividend of $4.00 on its common stock in one year.

Question 11 (1 point) The Fancy Nancy Corporation is expected to pay an annual dividend of $4.00 on its common stock in one year. The current stock price is $45 per share. The company announced that it will increase its dividend by 4.3 percent annually. What is the company's cost of equity? Convert to a percentage and round to two places past the decimal point. Your Answer: Answer

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