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  3. highgrowth company has a stock price of $19. the f

HighGrowth Company has a stock price of $19. The firm will pay a dividend next...

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Finance

HighGrowth Company has a stock price of $19. The firm will pay a dividend next year of $1.02, and its dividend is expected to grow at a rate of 3.9% per year thereafter. What is your estimate of HighGrowth's cost of equity capital?

The required return (cost of capital) of levered equity is ___%. (Round to one decimal place.)

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