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Company ABC has hired you to estimate their cost of capital from retained earnings (rs). They have given you the following information: the last dividend
Company ABC has hired you to estimate their cost of capital from retained earnings (rs). They have given you the following information: the last dividend paid is $1.35, the current share price is $18.6, and dividends have grown at a constant rate 3.4%. Enter your answer as a decimal with four places of precision.
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