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The current dividend for Katie Ltd's ordinary shares is $0.50. Katie Ltd's ordinary shares a currently priced in the market at $3.50. What is the

The current dividend for Katie Ltd's ordinary shares is $0.50. Katie Ltd's ordinary shares a currently priced in the market at $3.50. What is the cost of equity for these shares if dividend growth is expected to average 3% for the foreseeable future.

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