ABC Company's current share price is $24.5 and it is expected to pay a $0.5...
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ABC Company's current share price is $24.5 and it is expected to pay a $0.5 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 4.3% per year. What is an estimate of ABC Company's cost of equity? Enter your answer as a percentage and rounded to 2 DECIMAL PLACES. Do not include a percent sign in your answer. Enter your response below.
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