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As a consultant to Basso Inc., you have been provided with the following data: D1 = $1.55; P0 = $25.60; and gL = 6.50% (constant).

As a consultant to Basso Inc., you have been provided with the following data: D1 = $1.55; P0 = $25.60; and gL = 6.50% (constant). What is the cost of common from reinvested earnings based on the dividend growth approach?

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