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The Drogon Company just issued a dividend of $2.41 per share on its common stock....

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Finance

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The Drogon Company just issued a dividend of $2.41 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 $55 a share, what is the company's cost of equity? Multiple Choice 10.08% 9.12% 9.6% 9.38% 4.69%

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