(Answered) Abc incs stock is currently selling for 3676 per share the

Economics

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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