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Slow'n Steady, Inc, has a stock price of $33, will pay a dividend next year of $320, and has expected dividend growth of 1.6% per

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Slow'n Steady, Inc, has a stock price of $33, will pay a dividend next year of $320, and has expected dividend growth of 1.6% 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 \%. (Round to one decimal place)

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