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The Eleanor Rigby company just paid an annual dividend of $2.50 per share, and investors expect it to experience a growth of 6.00% per year

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The Eleanor Rigby company just paid an annual dividend of $2.50 per share, and investors expect it to experience a growth of 6.00% per year for many years to come. The stock was originally issued at $40 but sells for $53.00 today. The tax rate is 33%. What is the cost of equity

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