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Find the Cost of Equity: The company has issued equity stock priced at $200 each for its 15,000 shares. the company is expected to give

Find the Cost of Equity:

The company has issued equity stock priced at $200 each for its 15,000 shares. the company is expected to give $9 as dividend for each share next year and thereafter the company is expected to grow at the rate of 7% in the foreseeable future. What is its equity cost of capital

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