Question: 6) If a company's expected dividend is $1.50 per share of common stock, which is priced at $15.15. What is the cost of internal common

6) If a company's expected dividend is $1.50 per share of common stock, which is priced at $15.15. What is the cost of internal common equity if the long-term growth of dividends is projected to be 4% indefinitely (round your answer to two decimal places)?

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