Question: Question 1 1 pts (Ref. Unit 10 Exercise 2) Suppose that a firm's dividends will grow at a rate of 5% forever. It is

Question 1 1 pts (Ref. Unit 10 Exercise 2) Suppose that a

Question 1 1 pts (Ref. Unit 10 Exercise 2) Suppose that a firm's dividends will grow at a rate of 5% forever. It is expected that the firm will pay a $6 dividend per share next year. If the firm's stock is currently selling for $96 per share, what is the cost of equity for the firm in percentage (%)? Note: Write your answer in % terms (do not round). For example, write 2.54 (%) instead of 0.0254.

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