Question: Remaining Time: 1 hour, 13 minutes, 00 seconds. Question Completion Status: Moving to another question will save this response Question 32 Martin industries just paid

 Remaining Time: 1 hour, 13 minutes, 00 seconds. Question Completion Status:

Remaining Time: 1 hour, 13 minutes, 00 seconds. Question Completion Status: Moving to another question will save this response Question 32 Martin industries just paid an annual dividend of $1.20 a share. The market price of the stock is $22.85 and the growth rate is 3 percent. What is the firm's cost of equity? 8.47 percent Ob 8.41 percent 8.31 percent oc Od. B.69 percent 8.74 percent D 82 6 8 2 3 5

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