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This Question: 2 pts 8 of 36 (13 complete) TI Garwood Garages will pay a dividend of $2.55 next year, and expects its dividends to

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This Question: 2 pts 8 of 36 (13 complete) TI Garwood Garages will pay a dividend of $2.55 next year, and expects its dividends to grow at 3% per year. The current price of Garwood stock is $18.25 per share. What is Garwood's cost of equity? A. 15% B 20% C. 14% OD 17% E.13%

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