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Equity-in 5 years the dividend of TRP has increased from 1.92 to 2.0 (D1) per share. The stock is trading at a price of $53

Equity-in 5 years the dividend of TRP has increased from 1.92 to 2.0 (D1) per share. The stock is trading at a price of $53 per share. What is the cost of equity for TRP?

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