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The Drogon Company just issued a dividend of $2.26 per share on its common stock. The company is expected to maintain a constant 7 percent

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The Drogon Company just issued a dividend of $2.26 per share on its common stock. The company is expected to maintain a constant 7 percent growth rate in its dividends indefinitely. If the stock sells for $55 a share, what is the company's cost of equity

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