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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 6 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 6 percent growth rate in its dividends indefinitely. If the stock sells for $45 a share, what is the company's cost of equity? Multiple Choice 0 13.37% 0 12.74% 12.74% 0 12.36%

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