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Question 34 1 pts Performance Auto Limited (PAL) will pay a dividend of $2.13 next year, and expects its dividends to grow at 6 per

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Question 34 1 pts Performance Auto Limited (PAL) will pay a dividend of $2.13 next year, and expects its dividends to grow at 6 per year. The current price of PAL stock is $18.03 per share. What is PAL's cost of equity? Round to 1 decimal place. i.e. 1.1 for 1.1%

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