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Teall Development Company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D1=$1.45;P0=$44.00;

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Teall Development Company hired you as a consultant to help them estimate its cost of capital. You have been provided with the following data: D1=$1.45;P0=$44.00; and g=6.50% (constant). Based on the DCF approach, what is the cost of equity from retained earnings? 9.89%9.50%9.31%9.80%10.19%

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