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Oak Inc. just paid its first annual dividend of $1.60 a share. The firm plans...

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Oak Inc. just paid its first annual dividend of $1.60 a share. The firm plans to increase the dividend by 3 percent per year indefinitely. What is the firm's cost of equity if the current stock price is $18 a share? 13.94 percent 11.19 percent 12.16 percent 10.39 percent

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