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8-30. (Cost of common equity) AC&H Group Plc. has just paid dividends of $2.75 per share. The expected growth rate of dividends is 7 percent

8-30. (Cost of common equity) AC\&H Group Plc. has just paid dividends of $2.75 per share. The expected growth rate of dividends is 7 percent annually and the current market price of AC&H is $90 per share. Calculate the cost of equity capital for AC&H Group Plc

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