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You are given the following information regarding Murphy Corporation: The stock just paid a dividend of $1.75 (i.e. Do) that is expected to grow at

You are given the following information regarding Murphy Corporation: The stock just paid a dividend of $1.75 (i.e. Do) that is expected to grow at a constant annual rate of 3.6%. The stock is currently selling for $32.00. What is the cost of common equity for Murphy Corporation?

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