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Stock in Daenerys Industries has a beta of 1.33. The market risk premium is 7.5 percent, and T-bills are currently yielding 4 percent. The company's
Stock in Daenerys Industries has a beta of 1.33. The market risk premium is 7.5 percent, and T-bills are currently yielding 4 percent. The company's most recent dividend was $1.8 per share, and dividends are expected to grow at a 7 percent annual rate indefinitely. If the stock sells for $35 per share, what is your best estimate of the company's cost of equity
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