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30. The stock of Cabbor, Incorporated is trading at $70.00 per share. The company just paid a dividend of $5.00 per share that is, Do

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30. The stock of Cabbor, Incorporated is trading at $70.00 per share. The company just paid a dividend of $5.00 per share that is, Do = 5.00). The growth rate in dividends is projected to be 6 percent per year forever. What is Cabbor's cost of equity capital (that 15, compute the required rate of return on the stock)

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