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34 (1 point) Once a Kid, Always a Kid is a public company that pays dividends on it shares. It just paid (yesterday) a dividend
34 (1 point) Once a Kid, Always a Kid is a public company that pays dividends on it shares. It just paid (yesterday) a dividend of $3. Dividends are paid annually and are expected to grow in perpetuity at 4%. Data from HooYa! Finance yields an equity beta for Once a Kid of 1.3. The current expected market return is 13%, and the risk-free rate is 2%. If Once a Kid has a 35% tax rate, what is their after tax cost of equity capital? Enter your answer as a percent rounded to 2 decimal places. For example, if your answer is 0.1234, enter 12.34 without the percent sign
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