Question: answer only if very sure . posting it because got wrong answer earlier. A company has paid dividend of 31 per share (of face value

answer only if very sure . posting it because got wrong answer earlier.

A company has paid dividend of 31 per share (of face value of 10 each) last year and it is expected to grow @ 10% every year. CALCULATE the cost of equity if the market price of share is 55

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