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For common stock, Beta=1.5. Market risk premium = 12%. Current risk free rate= 5%. Analyst estimates of growth= 6% per year. The last dividend is

For common stock, Beta=1.5. Market risk premium = 12%. Current risk free rate= 5%. Analyst estimates of growth= 6% per year. The last dividend is $2. Currently stock price= $15.52
What is the cost of common equity?

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