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4 years ago, the annual dividend payed by a firm was $0.7. This most recent year, the annual dividend was $1.04. If the price of

4 years ago, the annual dividend payed by a firm was $0.7. This most recent year, the annual dividend was $1.04. If the price of the firm's stock is $28.76, what is the cost of common stock for this firm? Answer in percent and basis points

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