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Wesley Corporation currently pays a $1.20 dividend and its current stock price is $42.80. Assuming the companys cost of equity capital is 7% use the
Wesley Corporation currently pays a $1.20 dividend and its current stock price is $42.80. Assuming the companys cost of equity capital is 7% use the dividend discount valuation model to estimate the companys growth rate (Recall the constant growth dividend discount model)
Group of answer choices
a)35.7%
b)7.0%
c)2.8%
d) 4.2%
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