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Koshun Company just paid a dividend of $0.90. The company's common stock currently sells at a price of $30.00 and its dividend grow at a

Koshun Company just paid a dividend of $0.90. The company's common stock currently sells at a price of $30.00 and its dividend grow at a constant rate of 7.00%. What is the company's cost of common equity (RE)?

1.

8.37%
2.

9.60%
3.

10.21%
4.

7.66%
5.

11.33%

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