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Salte Corporation is issuing new common stock at a market price of $27.98 Dividends last year were $1.43 and are expected to grow at an

Salte Corporation is issuing new common stock at a market price of $27.98 Dividends last year were $1.43 and are expected to grow at an annual rate of 6.2 percent forever. What is Salte's cost of common equity?

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