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Alderaan Incorporated has just paid a dividend of $3.46. The firm's current price on common stock is $37.61. Dividends are expected to grow at a
Alderaan Incorporated has just paid a dividend of $3.46. The firm's current price on common stock is $37.61. Dividends are expected to grow at a 5% constant rate. What is the firms 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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