Martin industries just paid an annual dividend of 260 a


Martin Industries just paid an annual dividend of $2.60 a share. The market price of the stock is $43.00 and the growth rate is 9.4 percent. What is the firm's cost of equity?

6.16 percent

14.63 percent

17.51 percent

41.63 percent

16.01 percent

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Financial Accounting: Martin industries just paid an annual dividend of 260 a
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