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summerdahl resorts common stick is currently trading at 40 a share the stock is expected to pay a dividend of 3.00 a share at the

summerdahl resorts common stick is currently trading at 40 a share the stock is expected to pay a dividend of 3.00 a share at the end of the year.(d1 = 3.00) and the dividend is expected to true at a constant rate of 3% a year. what is the cost of common equity? round answee to two decimal places

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