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What is the cost of equity if dividends are listed below are taken into account (rounded)? The price of the stock is $26 with flotation

What is the cost of equity if dividends are listed below are taken into account (rounded)? The price of the stock is $26 with flotation costs of $8

Year Dividends
2011 $3.75
2010 $3.60
2009 $3.45
2008 $3.30

How would I find the growth rate when completing this problem?

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