Cost of equity Harrys Toupee Shop, Inc., has publicly stated they are going to pay dividends next

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Cost of equity Harry’s Toupee Shop, Inc., has publicly stated they are going to pay dividends next year of $1.24 and then increase this amount by 4 % for the following 5 years. Following that, Harry is going to stop paying dividends forever after. According to the DGM, what should be the current cost of equity if Harry’s stock price is $17.82?

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