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In year 4, Stark Ltd. paid a dividend of $2.08/share on its common stock. Its dividend four years ago was$1.71/share. If the stock currently sells

In year 4, Stark Ltd. paid a dividend of $2.08/share on its common stock. Its dividend four years ago was$1.71/share. If the stock currently sells for $45/share.

What is the company's cost of equity capital assuming the dividend growth rate over the four year period?

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