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The common stock for Greenland Financials currently sells for $77 per share. The firm's last dividend was $8, and its dividends are anticipated to grow

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The common stock for Greenland Financials currently sells for $77 per share. The firm's last dividend was $8, and its dividends are anticipated to grow at the rate 4% as they did over the past, Calculate the company's cost of internal common equity. Round your answer to the nearest "0.01%"Enter your answer as a percentage. For example, if your answer is '5.28% enter 5.28

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