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Cullumber's Copper Corp, management expects its common stock dividends to grow 1.53 percent per year for the indefinite future. The firm's shares are currently selling

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Cullumber's Copper Corp, management expects its common stock dividends to grow 1.53 percent per year for the indefinite future. The firm's shares are currently selling for $18.90, and the form just paid a dividend of $3.00 yesterday. What is the cost of common stock for Cullumber? (Round answer to 2 decimal places, eg. 15.25%) Cost of common stock %

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