What is the firms cost of equity of the current stock price

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The Giants Jersey Stores just paid its first annual dividend of $0.12 a share. The firm plans to increase the dividend by 3.5% per year indefinitely. What is the firm's cost of equity of the current stock price is $6.50 a share?

a. 4.35%

b. 5.41%

c. 14.42%

d. 18.79

e. 19.98%

Reference no: EM13767789

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