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A company's preferred stock is selling for $41 per share, and last year's dividends paid were $1.18 per share. Dividends and earnings per share are
A company's preferred stock is selling for $41 per share, and last year's dividends paid were $1.18 per share. Dividends and earnings per share are expected to grow by 10% per year. What is the cost of equity, the required rate of return?
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