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Company XYZ Just palda dividend on its common stock of 51.19. The company expects the dividends to grow at a rate of 3,5% each year

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Company XYZ Just palda dividend on its common stock of 51.19. The company expects the dividends to grow at a rate of 3,5% each year indefinitely. If the current share price of XYZ's common stock is $31.96, what is the cost of capital raised through internal equity? Enter your answer as a decimal with a leading vero and a decimal places of precision (6.01234)

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