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Slow 'n Steady, Inc., has a stock price of $30, will pay a dividend next year of $3.05, and has expected divident growth of 1.1%

Slow 'n Steady, Inc., has a stock price of $30, will pay a dividend next year of $3.05, and has expected divident growth of 1.1% per year. What is your estimate of Slow 'n Steady's cost of equity capital?

The required return (cost of capital) of levered equity is ___%?

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