Expected growth rate in dividends per year

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Reference no: EM131549598

Hank Corp.'s common stock currently sells for $24 per share. The most recent dividend (Do) was $2.49, and the expected growth rate in dividends per year is 7%. The cost of common equity, Re, is ____%. Round your final answer to 2 decimal places (example: enter 12.34 for 12.34%), but do not round any intermediate work in the process.

Reference no: EM131549598

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