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3 Question 8 (1 point) Harris & Handel's common stock currently trades at $33.00 a...

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3 Question 8 (1 point) Harris & Handel's common stock currently trades at $33.00 a share. It is expected to pay an annual dividend of 3.90 a share at the end of the year, and the constant growth rate is 4.0% a year. What is the company's cost of common equity if all of its equity comes from retained earnings? (Enter your answer as a percentage to the nearest basis point (1. e. 20.5% would be entered as 20.50). Do not use the percent symbol) Your Answer: 9

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