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Slow 'n Steady, Inc, has a stock price of $33, will pay a dividend next year of $290, and has expected dividend growth of 13%

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Slow 'n Steady, Inc, has a stock price of \$33, will pay a dividend next year of $290, and has expected dividend growth of 13% per year. What is your estimato of Slow 'n Steudy's coct of equity capital? The required return (cost of capital) of levered equity is 4. (Round to one decimal place.)

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