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Joe's Garage plans on paying a dividend of $3.18 four years from today. The current...

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Finance

Joe's Garage plans on paying a dividend of $3.18 four years from today. The current stock pice for Joe's Garage is $40.12 per share. Dividend growth for Joe's Garage will be a constant 3.5% annually. Whta is the cost of equity using the dividend growth model? Numeric Response

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