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Problem 1: As the assistant to the CFO of Johnstone Inc., you must estimate its cost of common equity. You have been provided with the

image text in transcribed Problem 1: As the assistant to the CFO of Johnstone Inc., you must estimate its cost of common equity. You have been provided with the following data: D0=$0.80;P0=$22.50; and g=8.00% (constant). Based on the DCF approach, what is the cost of common from retained earnings

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