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b) Suppose RC Co just issued a dividend of $2.08 per share on its common stock The company paid dividends of $1.71 $1.82 $1.93, and

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b) Suppose RC Co just issued a dividend of $2.08 per share on its common stock The company paid dividends of $1.71 $1.82 $1.93, and $1.99 per share in the last four years. If the stock currently sells for $45, what is your best estimate of the company's cost of equity capital using the arithmetic average growth rate in dividends

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