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Slow 'n Steady, Inc., has a stock price of $ 28, will pay a dividend next year of $ 3.05, and has expected dividend growth

Slow 'n Steady, Inc., has a stock price of $ 28, will pay a dividend next year of $ 3.05, and has expected dividend growth of 1.2 % per year. What is your estimate of Slow 'n Steady's cost of equity capital?

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