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The Global Advertising Company has a marginal tax rate of 40 percent. The last dividend paid by Global was $0.90. Global's common stock is selling for $8.59 per share, and its expected growth rate in earnings and dividends is 5 percent. What is Global's cost of common stock?

A. 12.22%

B. 17.22%

C. 10.33%

D. 9.66%

E. 16.00%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92391989

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