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Countess Corporation is expected to pay an annual dividend of $ 4 . 7 5 on its common stock in one year. The current stock

Countess Corporation is expected to pay an annual dividend of $4.75 on its common stock in one year. The current stock price is $75.15 per share. The company announced that it will increase its dividend by 3.85 percent annually. What is the company's cost of equity?

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