Question

46. Chelsea Fashi ons is expected to pay an annual dividend of $0.80 a share next year. narket price of the stock is $22.40 and the growth rate is 5 percent. What is the firms cost of equity? A. 7.58 percent B. 7.91 percent C. 8.24 percent D. 8.57 percent E. 9.00 percent
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Option .D)8.57%

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