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The Drogon Co. Just issued a dividend of $2.11 per share on its common stock. The company is expected to maintain a constant 4 percent

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The Drogon Co. Just issued a dividend of $2.11 per share on its common stock. The company is expected to maintain a constant 4 percent growth rate in its dividends indefinitely. If the stock sells for $30 a share, what is the company's cost of equity? Multiple Choice 11.03% 11 31% 74596 11.8896

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