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Tanrun Inc. is expected to pay an annual dividend of $0.45 per share in one year. Analysts expect the firm's dividends to grow by 4%
Tanrun Inc. is expected to pay an annual dividend of $0.45 per share in one year. Analysts expect the firm's dividends to grow by 4% forever. Its stock price is $37.7 and its beta is 1.7. The risk-free rate is 2% and the expected market risk premium is 4.5%. Part 1 Attempt 1/20 for 10 pts. What is the best guess for the cost of equity
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