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What is the firm cost of equity

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Question - 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: EM131810382

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