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Holtzman Clothiers stock currently sells for $39.36 per share. The company just paid a dividend of $2.59 per share. The dividend is expected to grow
Holtzman Clothiers stock currently sells for $39.36 per share. The company just paid a dividend of $2.59 per share. The dividend is expected to grow at a constant rate of 6.7% per year. What is the company's cost of internally generated equity (i.e. Retained Earnings)? State your answer as a percentage to 2 decimal places. Do not include the % symbol
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