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Assume that Kish Inc. hired you as a consultant to help estimate its cost of capital. You have obtained the following data: DO=$0.90;P0=$47.50; and g=7.00%

Assume that Kish Inc. hired you as a consultant to help estimate its cost of capital. You have obtained the following data: DO=$0.90;P0=$47.50; and g=7.00% (constant). Based on the DCF approach, what is the cost of equity from retrined earnings? Do not round your intermediate calculations. a. 8.89% b. 2.03% c. 8.77% d. 2.1746 e. 903%

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