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Summerdahi Resorts common stock is currently trading at $36.48 a share. The stock is expected to pay a dividend of $1.25 a share at the

Summerdahi Resorts common stock is currently trading at $36.48 a share. The stock is expected to pay a dividend of $1.25 a share at the end of the year (D1 = $1.25), and the dividend is expected to grow at a constant rate of 11.25% a year. What is its cost of common equity?

Please - no rounding

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