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The Rollag Co. just issued a dividend of $2.75 per share on its common stock. The company is expected to maintain a constart 58% growth

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The Rollag Co. just issued a dividend of $2.75 per share on its common stock. The company is expected to maintain a constart 58% growth rate in its dividends indefinitely If the stock sells for $59 a share, what is the company's cost of equity? (Enter your answer as a percentage rounded to 2 decimal places.) Cost of equity

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