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Countess Corp. is expected to pay an annual dividend of $4.33 on its common stock in one year. The current stock price is $71.51 per

Countess Corp. is expected to pay an annual dividend of $4.33 on its common stock in one year. The current stock price is $71.51 per share. The company announced that it will increase its dividend by 3.50 percent annually. What is the company's cost of equity?

 

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