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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 constant 5.8% growth

The Rollag Co. just issued a dividend of $2.75 per share on its common stock. The company is expected to maintain a constant 5.8% growth rate in its dividends indefinitely. If the stock sells for $59 a share, what is the company's cost of equity?

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