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The dividends and earnings of Bayle Eaves Co over the last 5 years have been as follows.
The company is financed entirely by equity, and there are 2,000,000 shares in issue, each with a market value of $1.18 ex div. On the assumption that the data for 20X1 - 20X5 provides a basis for estimating future trends, what is the cost of equity? A. 21% B. 16% C. 22% D. 23% |