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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 $24 per share. The company's last year's dividend was $3 per share. What is the company's cost of equity from retained earnings (ks) using the Discounted Cash Flow approach? O a. 20.38% O b. 15.92% O c. 15.54% O d. 16.30%

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