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The Gordon Company has issued a common stock dividend of $4,00 per share. The growth rate for Gordon's dividends is expected to be 4% per

The Gordon Company has issued a common stock dividend of $4,00 per share. The growth rate for Gordon's dividends is expected to be 4% per year indefinitely into the future, If the stock sells for $70 per share today, what is Gordon's cost of equity?

9.71

5.71

9.94

8.94

9.32

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