ABAM Company specializes in manufacturing coffee machines for export and has be...
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ABAM Company specializes in manufacturing coffee machines for export and has been listed on your country’s stock exchange for several years. Currently, its stock is trading at per share. Recently, the company paid a dividend of per share, which is expected to grow steadily at a rate of per year in perpetuity. Based on this information, what is ABAM Company’s cost of equity capital? Write your answer to two decimal places.
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