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Question: sweet treats common stock is currently priced at 3672 a...

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Sweet Treats common stock is currently priced at $36.72 a share. The company just paid $2.18 per share as its annual dividend. The dividends have been increasing by 2.2 percent annually and are expected to continue doing the same. What is the cost of equity?

=8.27%

Please check the answers and show all work typed out. No excel or grid style please as I am on mobile.

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