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Whitehall Camps recently paid its annual dividend of $1.42 a share. These dividend have been increasing by 2.2 percent each year and are expected to continue this trend. What is the cost of equity if the stock sells for $22.89 a share? a.) 9.38% b.) 7.29% c.) 6.82% d.) 8.54% OR e.) 7.58%

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