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A company's stock has a beta of 96 and currently trades at a price of $42.01. The stock just paid an annual dividend of $2.95

A company's stock has a beta of 96 and currently trades at a price of $42.01. The stock just paid an annual dividend of $2.95 and has an estimated growth rate of 2.4% per year. Given this information, how much is the estimated cost of equity capital for the company? 7.02% 9.5956 107108

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