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QUESTION 17 Jaffe Co. just paid a dividend of $5 per share. Dividends are expected to grow at 2% forever. The stock is currently

QUESTION 17 Jaffe Co. just paid a dividend of $5 per share. Dividends are expected to grow at 2% forever. The stock is currently trading at $90 per share. Calculate the cost of common stock for the firm. (Enter percentages as decimals and round to 4 decimals) 5

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