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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 6%. If Duke

Duke Energy has been paying dividends steadily for 20 years. During that time, dividends have grown at a compound annual rate of 6%. If Duke Energy's current stock price is $76 and the firm plans to pay a dividend of $ 6.10 next year, what is Duke's cost of common stock equity?

Duke's cost of common stock equity is %. (Round to two decimal places.)

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