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Rossdale Co stock currently sells for $70 89 per share and has a beta of 113. The market risk premium is 8.00 percent and the

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Rossdale Co stock currently sells for $70 89 per share and has a beta of 113. The market risk premium is 8.00 percent and the risk-free rate is 3 30 percent annually. The company just paid a dividend of $393 per share, which it has pledged to increase at an annual rate of 370 percent indefinitely. What is your best estimate of the company's cost of equity

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