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Hank Corp.'s common stock currently sells for $30 per share. The most recent dividend (Do) was $2.21, and the expected growth rate in dividends per

Hank Corp.'s common stock currently sells for $30 per share. The most recent dividend (Do) was $2.21, and the expected growth rate in dividends per year is 4%. The cost of common equity, Re, is ____%.

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