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Based on the DDM approach, what is the cost of equity from retained earnings? You must use the following data: Do = $3.20; PO =

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Based on the DDM approach, what is the cost of equity from retained earnings? You must use the following data: Do = $3.20; PO = $52.00; and g = 2.10% (constant). Do not round your intermediate calculations. Write your answer as a percent. Do not use the % sign. Use two decimals

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