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Business, 23.04.2021 19:30 electrofy456

Rossdale Co. stock currently sells for $72.21 per share and has a beta of 1.19. The market risk premium is 7.40 percent and the risk-free rate is 3.02 percent annually. The company just paid a dividend of $4.17 per share, which it has pledged to increase at an annual rate of 3.75 percent indefinitely. What is your best estimate of the company's cost of equity

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