(Answered) Two-stage rocket paid an annual dividend of 130 yesterday

Finance

Two-Stage Rocket paid an annual dividend of $1.30 yesterday, and it is commonly known that the firm's management expects to increase its dividend by 12.00 percent for the next two years and by 2 percent thereafter. If the current price of Two-Stage's common stock is $11.30, what is the cost of common equity capital for the firm?

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