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Zia's firm just paid $4.21 as a dividend to its shareholders. Historically the firm's dividends has grown 3.8% each year. A share of Zia's firm

Zia's firm just paid $4.21 as a dividend to its shareholders. Historically the firm's dividends has grown 3.8% each year. A share of Zia's firm sells for $84.32. What is the cost of equity for the shareholders of Zia's firm. Post your answer with 1 decimal place.

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