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Duke Energy has been paying dividends steadily for 20 years During that time, dividends have grown at a compound annual rate of 5%. If Duke

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Duke Energy has been paying dividends steadily for 20 years During that time, dividends have grown at a compound annual rate of 5%. If Duke Energy's current stock price is S80 and the firm plans to pay a dividend of $5.10 next year, what is Duke's cost of common stock equity? Duke's cost of common stock equity is 1 %. (Round to two decimal places)

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