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Your company will pay a dividend at the end of this coming year of $3.50 per share, expecting growth in dividends of 4%. The current

		Your company will pay a dividend at the end of this coming year of $3.50 per share, expecting growth in dividends of 4%. The current stock price is $45 per share. What is the cost of equity?
	a.	18.00%
	b.	10.77%
	c.	15.86%

d. 11.78%

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