Sabrinas just paid an annual dividend of 088 per share, Ask an Expert

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Sabrina's just paid an annual dividend of $0.88 per share. This dividend is expected to increase by 4 percent annually. Currently, the firm has a beta of 0.87 and a stock price of $22.78 a share. What is the cost of equity capital for Sabrina's? Please do workouts not in excel

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