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Alderaan Incorporated has a current stock price of $66.28. The last dividend was at 5.76 , and is expected to grow at a 2% constant

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Alderaan Incorporated has a current stock price of $66.28. The last dividend was at 5.76 , and is expected to grow at a 2% constant rate. What is the firm's cost of common equity? Give your answer as a percentage, rounded to two decimal places (example: 9.58% as 9.58 )

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