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The Boos Co. just issued a dividend of $2.40 per share on its common stock. The company is expected to maintain a constant 6 percent

The Boos Co. just issued a dividend of $2.40 per share on its common stock. The company is expected to maintain a constant 6 percent growth rate in its dividends indefinitely. If the stock sells for $48 a share, what is the companys cost of equity?

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