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Gremlin Industries will pay a dividend of $1.75 per share this year. It is expected that this dividend will grow by 4% per year each

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Gremlin Industries will pay a dividend of $1.75 per share this year. It is expected that this dividend will grow by 4% per year each year in the future. The current price of Gremlin's stock is $23.80 per share. What is Gremlin's equity cost of capital

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