Wxmaxima industries just paid an annual dividend of 144 a, Financial Management

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Wxmaxima industries just paid an annual dividend of 144 a

wxMaxima Industries just paid an annual dividend of $1.44 a share. The market price of the stock is $24.62 and the firm promises a constant growth rate in dividends of 3.5 percent. What is the firm's cost of equity? (Enter rate in percents, not in decimals.)

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Financial Management: Wxmaxima industries just paid an annual dividend of 144 a

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