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West Corporation is expected to pay an annual dividend of $$1\mathrm{.}50$ per share one year from now with future increases of $7\mathrm{.}5$ percent annually. The stock currently sells for $$53\mathrm{.}25$ per share. What is the cof equity? cost of equity?

Multiple Choice

$12\mathrm{.}81\%$

$10\mathrm{.}32\%$

$12\mathrm{.}38\%$

$10\mathrm{.}53\%$

$13\mathrm{.}02\%$