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High Growth Company has a stock price of $20 The firm will pay a dividend next year of 81.00, and its dividend is expected to

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High Growth Company has a stock price of $20 The firm will pay a dividend next year of 81.00, and its dividend is expected to grow at a rate of 4,0% per your tuercutter What is your estimate of High Growth's cost of equity capital? The required return (cast of capital of lovered equity is 1% (Round to one decimal place.)

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