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Assume that Capital Asset Management Company (CAMC) has common stock outstanding with a current market value of $78.5 per share, current dividend of $4.5 per
Assume that Capital Asset Management Company (CAMC) has common stock outstanding with a current market value of $78.5 per share, current dividend of $4.5 per share, and a dividend growth rate of 7% forever. Calculate cost of common stock by using Dividend Growth Model. (System will not accept % sign, please write answer upto four decimal places)
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