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Slow N Steady Inc, has a stock price of $32, will pay a dividend next year of $3.25, and has expected dividend growth of 1.1%

Slow N Steady Inc, has a stock price of $32, will pay a dividend next year of $3.25, and has expected dividend growth of 1.1% per year. What is your estimate of Slow N Steady cost of equity capital?

(round to one decimal place)

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