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The company has issued equity stock priced at $180 each for its 15,000 shares. The company is expected to give $10 as dividend for each

The company has issued equity stock priced at $180 each for its 15,000 shares. The company is expected to give $10 as dividend for each share next year and there.After the company is expected to grow at the rate of 7% in the foreseeable future.

What is its equity cost of capital?

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