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Question 15 1 pts Panther Inc. is expected to pay an annual dividend of $5.49 on its common stock in one year. The current stock

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Question 15 1 pts Panther Inc. is expected to pay an annual dividend of $5.49 on its common stock in one year. The current stock price is $75.39 per share. The company announced that it will increase its dividend by 4.51 percent annually. What is the company's cost of equity? Answer as a percentage (e.g. 0.1111 is 11.11%, so you would write 11.11 as the answer)

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