What is the firm cost of equity

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Blakeslee Machinery announced this morning that their next annual dividend will be increased to $2.10 a share and that future dividends will be lowered by 2 percent per year. The stock price after the announcement settled at $16 a share. What is the firm's cost of equity?

a. .33%
b. 9.33%
c. 11.13%
d. 13.33%
e. 15.13%

Reference no: EM13136585

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