Dividend is expected to grow at constant rate

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KayCee's Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of 10% per year. The price of KayCee's common stock today is $36 per share. KayCee's marginal tax rate is 35%. Based on the above information, the cost of equity is approximately.

Reference no: EM131856881

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