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Mackenzie Company has a price of $ 31 and will issue a dividendof $ 2.00 next year. It has a beta of 1.5 the? risk-free rate is5.7 % and the market risk premium is estimated to be 4.8 %a. Estimate the equity cost of capital for Mackenzie.b. Under the? CGDM, at what rate do you need to expect?Mackenzie's dividends to grow to get the same equity cost ofcapital as in part ?(a?)?
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