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QUESTION 9 The company's most recent dividend was $2.35 per share, and dividends are expected...

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QUESTION 9 The company's most recent dividend was $2.35 per share, and dividends are expected to grow at an annual rate of 4.1 percent indefinitely. If the stock sells for $43 per share, what is your best estimate of the company's cost of equity? What is the cost of capital based on the DDM model? a. 10.79% b. 8.79% c. 7.99% d. 9.79%

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