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A music streaming company, referred to as TunePlay Inc., paid an annual dividend of $2.29 per share on its common stock to its shareholders, who
A music streaming company, referred to as "TunePlay Inc.", paid an annual dividend of $2.29 per share on its common stock to its shareholders, who were mostly musicians. The company increases its dividend by 3.10% every year, just like the increase in the number of new artists on the platform. If the current stock price is $38.20 per share, what is the cost of equity for this company?
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