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Company LLS stock is currently trading at a price of $70. The company has recently paid a dividend of $2.05, and it is expected that

Company LLS stock is currently trading at a price of $70. The company has recently paid a dividend of $2.05, and it is expected that this dividend will grow at a constant annual rate of 0.12 or 12.00% for the foreseeable future. Using this information and the dividend discount model, calculate the cost of equity of this stock

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