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The earnings, dividends, and stock price of a firm are expected to grow by 7% per year in the coming years. The firm's common stock

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The earnings, dividends, and stock price of a firm are expected to grow by 7% per year in the coming years. The firm's common stock sells for $23 per share. The company's last year's dividend was $2 per share. The company's cost of debt is 12%. If the risk premium is 3%, what is the company's "ks" using the Bond-Yield-Plus-Risk-Premium approach? O a. 16% O b. 14% O c. 15% O d. 12.56%

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