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Use the Following Information to Answer the Question(s)below

Question 2

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Use the following information to answer the question(s) below.
Rearden Metals has a current stock price of $30 share,is expected to pay a dividend of $1.20 in one year,and its expected price right after paying that dividend is $33.
-Rearden's equity cost of capital is closest to:


A) 4.0%.
B) 6.4%.
C) 8.2%.
D) 14.0%.

Correct Answer:

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