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Photo Imaging, Inc. has paid annual dividends of $1.00, $1.05, $1.10, and $1.18 per share over the last four years, respectively. The stock is currently selling for $38 a share. What is this firm's cost of equity? A. 8.79 percent B. 8.96 percent C. 10.38 percent D. 10.53 percent E. 11.79 percent.

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Financial Management, Finance

Category:- Financial Management
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