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ABC Co.just paid a dividend of $1.35 per share.Dividends are expected to grow at 3% forever.The stock is currently trading at $45 per share.Calculate the

ABC Co.just paid a dividend of $1.35 per share.Dividends are expected to grow at 3% forever.The stock is currently trading at $45 per share.Calculate the cost of common stock for the firm.(Enter percentages as decimals and round to 4 decimals)

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