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Summerdahls common stock is currently trading at $36 per share. The stock is expected to pay a dividend of $3.00 per share at the end

Summerdahls common stock is currently trading at $36 per share. The stock is expected to pay a dividend of $3.00 per share at the end of the year and the dividend is expected to grow at a constant rate of 5% per year. What is the cost of common equity? 13.33%

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