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The Bird House just paid its annual dividend of $1.46 a share and will increase all future dividends by 3.5 percent annually.


The Bird House just paid its annual dividend of $1.46 a share and will increase all future dividends
by 3.5 percent annually. What is the firm's cost of equity if its stock is currently selling for $24.50 a share?












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A.

9.67 percent





B.

9.89 percent





C.

10.43 percent





D.

10.77 percent






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