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Is it possible to calculate the cost of equity using the dividend growth (constant growth) model when capital structure changes? For example, you've already calculated

Is it possible to calculate the cost of equity using the dividend growth (constant growth) model when capital structure changes? For example, you've already calculated Ks for a firm with 60-40, can you use the div. growth model to calculate how Ks has changed with a new structure of 70-30?

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