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15- The Vogt corporation paid a dividend of $4.20 on its stock in the year just ended. If the dividends are projected to grow at

15- The Vogt corporation paid a dividend of $4.20 on its stock in the year just ended. If the dividends are projected to grow at a rate of 6.4% indefinitely, and the stock is presently selling for $68 a share, what is the estimated cost of equity for Vogt?

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