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The firm plans to increase the dividend by 67 percent per

ABC Inc.'s stock is currently selling for $36.76 per share. The company just paid its first annual dividend of $1.71 a share. The firm plans to increase the dividend by 6.7 percent per year indefinitely. What is the firm's cost of equity?

Enter your answer in percentages rounded off to two decimal points.

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Business Economics: The firm plans to increase the dividend by 67 percent per

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Business Economics: The firm plans to increase the dividend by 67 percent per

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