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Castillo Corporation common stock is currently priced at $39.75 per share. The companys expected annual dividend is $4.68 per share. The dividends have been increasing

Castillo Corporation common stock is currently priced at $39.75 per share. The companys expected annual dividend is $4.68 per share. The dividends have been increasing by 7.5 percent annually and are expected to continue doing the same. What is the cost of equity?

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