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GHI Company's current share price is $17.65 and it is expected to pay a $0.7 dividend...

GHI Company's current share price is $17.65 and it is expected to pay a $0.7 dividend per share next year. After that, the firm's dividends are expected to grow at a rate of 5.8% per year. What is an estimate of GHI Company's cost of equity?

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