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Question: the down and out co just issued a dividend of...

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The Down and Out Co. just issued a dividend of $2.76 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 $50 a share, what is the companys cost of equity? (Do not round your intermediate calculations.) 11.34% О 10.26% o 5.9% o 10.8% О 10.52%

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