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23. The following information is available for a firm: the next year's dividend paid to equity holders is $3; the firm's cost of equity is 12% and it is expected that it will increase dividends by 4% each year in the foreseeable future. Using the constant growth model, the firm's common equity is: a $66.00 per share b $75.00 per share $25.00 per share d $37.50 per share Good