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The Midfield Co. just issued a dividend of $1.36 per share on its common stock. The company is expected to maintain a constant 3

The Midfield Co. just issued a dividend of $1.36 per share on its common stock. The company is expected to maintain a constant 3 percent growth rate in its dividends indefinitely. If the stock sells for $28 a share, what is the company's cost of equity? 8.08% 7.64% O7.33% 7.16% O 8.00%

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