Chelsea Fashions is expected to pay an annual dividend of $1.10 a share next year....
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Accounting
Chelsea Fashions is expected to pay an annual dividend of $1.10 a share next year. The market price of the stock is $27.00 and the growth rate is 3 percent. What is the firm's cost of equity?
6.95 percent
6.89 percent
7.12 percent
7.07 percent
6.76 percent
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