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The Shoe Outlet has paid annual dividends of $0.65, $0.72, $0.73, and $0.75 per share over the last four years, respectively. The stock is currently

The Shoe Outlet has paid annual dividends of $0.65, $0.72, $0.73, and $0.75 per share over the last four years, respectively. The stock is currently selling for $26 a share. What is this firm's cost of equity?

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