Question: Cullumber's Copper Corp, management expects its common stock dividends to grow 1.53 percent per year for the indefinite future. The firm's shares are currently selling

Cullumber's Copper Corp, management expects its common stock dividends to grow 1.53 percent per year for the indefinite future. The firm's shares are currently selling for $18.90, and the form just paid a dividend of $3.00 yesterday. What is the cost of common stock for Cullumber? (Round answer to 2 decimal places, eg. 15.25%) Cost of common stock %

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