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The Drogon Co. just issued a dividend of $2.86 per share on its common stock. The company is expected to maintain a constant 5 percent

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The Drogon Co. just issued a dividend of $2.86 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends Indefinitely. If the stock sells for $40 a share, what is the company's cost of equity? Multiple Choice 12.15% O 11.88% 1.88% 12519 12.51% 7.63% 13.13%

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