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Mascherano Ltd paid a dividend of 6c per share 8 years ago, and the current dividend is 11. The current share price is $2.58 ex-div.

Mascherano Ltd paid a dividend of 6c per share 8 years ago, and the current dividend is 11. The current share price is $2.58 ex-div. What is the cost of equity?
Group of answer choices
11%
12.47%
13%
11%

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