EnerGrowth Industries Ltd. has 3.3 million common shares outstanding with a current market price of $25.50. Now, as in the future, the annual dividend is expected to be $2.50. What is the cost of share capital to the business?
A) 2.0%
B) 9.8%
C) 14.5%
D) $8.25 million
E) $84.15 million
Correct Answer:
Verified
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