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The Drogon Co . just issued a dividend of $ 2 . 4 1 per share on its common stock. The company is expected to

The Drogon Co. just issued a dividend of $2.41 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 $45 a share, what is the company's cost of equity? 11.15%
10.62%
10.09%
10.36%
5.73%

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