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GM has a current stock price of $90.72. If they are expected to issue a dividend of $3.07 next year, and the dividend is projected
GM has a current stock price of $90.72. If they are expected to issue a dividend of $3.07 next year, and the dividend is projected to grow at 5.1% what is the cost of equity capital for GM? Please provide all answers to then nearest two decimal places (9.99%)
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