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The Down and Out Co. just issued a dividend of $2.66 per share on its common stock. The company is expected to maintain a constant
The Down and Out Co. just issued a dividend of $2.66 per share on its common stock. The company is expected to maintain a constant 5 percent growth rate in its dividends indefinitely. If the stock sells for $30 a share, what is the company's cost of equity? (Do not round your intermediate calculations.) Multiple Choice 13.59% 14.31% 9.48% 0 15.03% O 13.87%
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