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XY Company is expected to pay an annual dividend of $0.95 a share next year. The market price of the stock is $55 and the

XY Company is expected to pay an annual dividend of $0.95 a share next year. The market price of the stock is $55 and the growth rate is 5 percent. What is the firms cost of equity? Select one: a. 8.57% b. 6.72% c. 6% d. 9%

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