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Oriole Tire Co. just paid an annual dividend of $1.20 on its common shares. If Oriole is expected to increase its annual dividend by 5.10percent

Oriole Tire Co. just paid an annual dividend of $1.20 on its common shares. If Oriole is expected to increase its annual dividend by 5.10percent per year into the foreseeable future and the current price of Orioles common shares is $12.58, what is the cost of common stock for Oriole?

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