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What is the company cost of equity

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Reference no: EM132288906

The Below Kelvin Co. just paid a dividend of $3.40 per share on its common stock. The company will maintain a constant 7 percent growth rate in its dividends indefinitely.

What is the company's cost of equity if the stock sells for $68 a share? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)

Reference no: EM132288906

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