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The expected return on the market is 9.25%. A stock that currently sells for $75 per share has a beta of 0.7. The company just
The expected return on the market is 9.25%. A stock that currently sells for $75 per share has a beta of 0.7. The company just paid a dividend per share in the amount of $4 and future dividends are expected to increase 5% per year indefinitely. What is the company's cost of equity capital?
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.
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