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Teller Company is estimating its cost of capital. You obtained the following data: D1 = $1.25; P0 = $27.50; g = 5.00% (constant). What is

Teller Company is estimating its cost of capital. You obtained the following data: D1 = $1.25; P0 = $27.50; g = 5.00% (constant). What is the cost of equity for common stock? Round your answer to 2 decimal places. Write your answer in this exact format (for example): 12.34%

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