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The Absolute Zero Co. just issued a dividend of $3.25 per share on its common stock. The company is expected to maintain a constant 6.7

The Absolute Zero Co. just issued a dividend of $3.25 per share on its common stock. The company is expected to maintain a constant 6.7 percent growth rate in its dividends indefinitely.

If the stock sells for $65 a share, what is the companys cost of equity?

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