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GM common stock pays a common dividend of $4.42 that grows at a rate of 2.6% per year and currently costs $66 per share. Calculate

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GM common stock pays a common dividend of $4.42 that grows at a rate of 2.6% per year and currently costs $66 per share. Calculate the cost of equity assuming flotation costs of 2%. Please report your answer in percent terms rounded to two decimal places. Your Answer: Answer units

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