Bergljot Corp, an identity verification company, paid an annual dividend of $1.96 last year. The...

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Finance

Bergljot Corp, an identity verification company, paid an annual dividend of $1.96 last year. The dividend is expected to grow by 3.5% a year in the future. If Bergljots current stock price is $86 what is the companys cost of equity?

a) 5.78%

b) 5.86%

c) 4.82%

d) None of the Above

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