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Your firm anticipates paying its next annual dividend (D1) of $2.56, and you expect future dividends will grow at a constant rate of 5% per

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Your firm anticipates paying its next annual dividend (D1) of $2.56, and you expect future dividends will grow at a constant rate of 5% per year indefinitely. If the current stock price is $39.88, what is a market-based estimate of your firm's cost of equity? Enter your answer as a decimal and show 4 decimal places. For example, if your answer is 10.5%, enter. 1050. Type your

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