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KAL Corporation has its common stock selling for $40/share and the expected dividend one year from today(D1) is $2.40/share. If dividends are expected to grow

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KAL Corporation has its common stock selling for $40/share and the expected dividend one year from today(D1) is $2.40/share. If dividends are expected to grow at 6% per year for ever; then the firm's cost of retained earnings (equity) is

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