Question: Big Bird & Friends is expected to pay their next annual dividend in the amount of $1.50 a share this week. This dividend is expected

Big Bird & Friends is expected to pay their next annual dividend in the amount of $1.50 a share this week. This dividend is expected to increase by 3 percent annually. The companys stock is currently selling for $43.20 per share. What is the cost of equity? a. 6.28 percent b. 6.37 percent c. 6.47 percent d. 6.58 percent

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