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UltraFlex Diving Boards, Inc., just paid a dividend of $1.75. If the firm's growth in...

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Finance

UltraFlex Diving Boards, Inc., just paid a dividend of $1.75. If the firm's growth in dividends is expected to remain at a flat 6 percent forever, then what is the cost of equity capital for Ultra Flex Diving Boards if the price of its common shares is currently $37.00?

11.56%

11.01%

6.25%

5.95%

Answer & Explanation Solved by verified expert
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