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CarmenInc. is expected to pay $2 per share dividend one year from now and its current stock price is $50/share. Analysts expect dividends to grow

CarmenInc. is expected to pay $2 per share dividend one year from now and its current stock price is $50/share. Analysts expect dividends to grow at 4% rate per year forever. Using a simple dividend discount model, what is Carmens cost of equity ?

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