Kilbright Corporation stock is currently trading at $73.29 per share and pays a dividend of $3.14 per share this year.The company's cost of equity is 13%.What is the expected annual growth rate of the company's dividends?
A) 11.2%
B) 6.8%
C) 4.3%
D) 17.3%
E) 8.7%
Correct Answer:
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