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A stock has a beta of 95 and just paid a dividend of $140. The expected return on the market is 9.7 percent and T-bills

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A stock has a beta of 95 and just paid a dividend of $140. The expected return on the market is 9.7 percent and T-bills are yielding 1.9%. If the stock is trading at $28.50 and the annual growth in dividends is expected to be 3,15%, what is the cost of equity using the dividend growth model method? 901

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