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A company just paid a dividend of $1.53 which is expected to increase at 2% p.a. The company's share price is $14.01 and it has

A company just paid a dividend of $1.53 which is expected to increase at 2% p.a. The company's share price is $14.01 and it has a beta of 0.76. What is the company's cost of equity capital (expressed as a percentage)?

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