What is the firms cost of equity

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Reference no: EM13810518

Martin Industries just paid an annual dividend of $2.30 a share. The market price of the stock is $28.90 and the growth rate is 5.8 percent. What is the firm's cost of equity?

32.71 percent

15.04 percent

13.44 percent

14.22 percent

6.18 percent

Reference no: EM13810518

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