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The Giuntoli Co. just issued a dividend of $2.40 per share on its common stock. The company is expected to maintain a constant 8 percent

The Giuntoli Co. just issued a dividend of $2.40 per share on its common stock. The company is expected to maintain a constant 8 percent growth rate in its dividends indefinitely. If the stock sells for $44.20 a share, what is the companys cost of equity? Answer in a %

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