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The Giuntoli Co. just issued a dividend of $5 per share on its common stock. The company is expected to maintain a constant 5 percent

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The Giuntoli Co. just issued a dividend of $5 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 $75 a share, what is the company's cost of equity? 14.0% 15.0% 13.0% 12.0%

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