Cost of equity Kellys Tiki Hut has experienced growth of 11 % per year over the past

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Cost of equity Kelly’s Tiki Hut has experienced growth of 11 % per year over the past 15 years and expects this to continue indefinitely. Three years ago, they began paying dividends. The first dividend was $.90. The current price per share of Kelly’s stock is $35.99. What would you estimate Kelly’s current cost of equity to be?

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