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Summerdahl resort common stock is currently trading at $34 a share. The stock is expected to pay a dividend of $2.75 a share at the

Summerdahl resort common stock is currently trading at $34 a share. The stock is expected to pay a dividend of $2.75 a share at the end of the year( D1= $2.75) and the dividend is expected to grow at a constant rate of 7% a year. What is the cost of common equity?

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