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The Drogon Co. just issued a dividend of $2.36 per share on its common stock. The company is expected to maintain a constant 4 percent
The Drogon Co. just issued a dividend of $2.36 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 $35 a share, what is the company's cost of equity?
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10.46%
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11.01%
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7.13%
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10.74%
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11.56%
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