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P 13-12 (similar to) EQuestion Help Slow 'n Steady, Inc., has a stock price of $31, will pay a dividend next year of $3.05, and

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P 13-12 (similar to) EQuestion Help Slow 'n Steady, Inc., has a stock price of $31, will pay a dividend next year of $3.05, and has expected dividend growth of 1.8% per year. What is your estimate of Slow 'n Steady's cost of equity capital? The required return (cost of capital of levered equity is decimal place.) %. (Round to one

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