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The Absolute Zero Co. just issued a dividend of $2.85 per share on its common stock. The company is expected to maintain a constant 5.9

The Absolute Zero Co. just issued a dividend of $2.85 per share on its common stock. The company is expected to maintain a constant 5.9 percent growth rate in its dividends indefinitely.

If the stock sells for $57 a share, what is the companys cost of equity?

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