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wxMaxima Industries just paid an annual dividend of $1.21 a share. The market price of the stock is $20.84 and the firm promises a constant
wxMaxima Industries just paid an annual dividend of $1.21 a share. The market price of the stock is $20.84 and the firm promises a constant growth rate in dividends of 4.7 percent. What is the firm's cost of equity? (Enter rate in percents, not in decimals.)
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