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Business, 26.09.2019 23:10 nothingworksoutforme

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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