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The Muse Co. just issued a dividend of $2.70 per share on its common stock. The company is expected to maintain a constant 5.60 percent
The Muse Co. just issued a dividend of $2.70 per share on its common stock. The company is expected to maintain a constant 5.60 percent growth rate in its dividends indefinitely. If the stock sells for $54 a share, what is the company's cost of equity? (Round your answer to 2 decimal places. (e.g., 32.16)) Cost of equity
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