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A company pay current dividends of $0.87 per share with these dividends expected to grow at a rate of 4% per year in perpetuity. Its

A company pay current dividends of $0.87 per share with these dividends expected to grow at a rate of 4% per year in perpetuity. Its shares are currently trading at $6.73 per share. What is the cost of equity finance for the company?

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