The Muse Co. just issued a dividend of $3.08 per share on

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The Muse Co. just issued a dividend of $3.08 per share on

The Muse Co. just issued a dividend of $3.08 per share on its common stock. The company is expected to maintain a constant 7.07 percent growth rate in its dividends indefinitely.
If the stock sells for $69 a share, what is the company’s cost of equity?

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