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The Drogon Company just issued a dividend of $2.56 per share on its common stock. The company is expected to maintain a constant 5 percent

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The Drogon Company just issued a dividend of $2.56 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 $55 a share, what is the company's cost of equity? Multiple Choice 9.89% 9.65% 9.39% 10.38% 4.98%

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