A company costs $42.00 per share and pays a dividend of $2.50 per share this year. The company's cost of equity is 8%. What is the expected annual growth rate of the company's dividends?

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The Answer of A company costs $42.00 per share and pays a dividend of $2.50 per share this year. The company's cost of equity is 8%. What is the expected annual growth rate of the company's dividends?

A Company Costs $42