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Tex papers, inc. has a current stock price of $50 share, is expected to pay a dividend of $2.50 in one year, and its expected

Tex papers, inc. has a current stock price of $50 share, is expected to pay a dividend of $2.50 in one year, and its expected price right after paying that dividend is $55.

Texs cost of equity is closest to

10%

12%

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20%

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