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Slow 'n Steady, Inc., has a stock price of $35, will pay a dividend next...

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Finance

Slow 'n Steady, Inc., has a stock price of $35, will pay a dividend next year of $3.30, and has expected dividend growth of 0.8% per year. What is your estimate of Slow 'n Steady's cost of equity capital?

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

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