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Suppose Wacken, Limited just issued a dividend of $ 2 . 6 2 per share on its common stock. The company paid dividends of $

Suppose Wacken, Limited just issued a dividend of $2.62 per share on its common stock. The company paid dividends of $2.12, $2.19, $2.36, and $2.46 per share in the last four years. If the stock currently sells for $81, what is your best estimate of the companys cost of equity capital using arithmetic and geometric growth rates? Note: Do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g.,32.16.Cost of equity using arithmetic growth rate: _____%Cost of equity using geometric growth rate: _____%

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