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The Green Balloon just paid its first annual dividend of $1.45 a share. The firm plans to increase the dividend by 6.6 percent per year

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The Green Balloon just paid its first annual dividend of $1.45 a share. The firm plans to increase the dividend by 6.6 percent per year indefinitely. What is the firm's cost of equity if the current stock price is $17.9 a share

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