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2 10 Pts (Quantitative) A stock is expected to pay an annual dividend of $10 per share next year. Every year after that the dividend

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2 10 Pts (Quantitative) A stock is expected to pay an annual dividend of $10 per share next year. Every year after that the dividend is expected to increase at a rate of 2% per year. The stock's price is 560. What is the implied cost of capital ANSWER Type your answer here

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