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3. Calculating Cost of Equity [L01] Stock in Daenerys Industries has a beta of.95. The market risk premium is 7 percent, and T-bills are currently

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3. Calculating Cost of Equity [L01] Stock in Daenerys Industries has a beta of.95. The market risk premium is 7 percent, and T-bills are currently yielding 3.6 percent. The company's most recent dividend was $2.05 per share, and dividends are expected to grow at an annual rate of 4.1 percent indefinitely. If the stock sells for $39 per share, what is your best estimate of the company's cost of equity

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