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AA Firm is expected to pay a divident of $2.10 per share in one year. This divident and company's earnings are expected to grow at
AA Firm is expected to pay a divident of $2.10 per share in one year. This divident and company's earnings are expected to grow at 7% rate forever. If the current market price for a share of BTI is $68.62, what is the cost of equity?
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