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Sunshine Systems stock sells for $68 per share. It is expected to pay a dividend of $10 per share next year, and to grow at
Sunshine Systems stock sells for $68 per share. It is expected to pay a dividend of $10 per share next year, and to grow at 4% per year. What is the companys cost of equity capital (required rate of return of equity)?
Select one:
a. 13.0%
b. 13.4%
c. 14.0%
d. 18.7%
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