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Musical Charts just paid an annual dividend of $3

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Musical Charts just paid an annual dividend of $3.05 per share. This dividend is expected to increase by 2.9 percent annually. Currently, the firm has a beta of 1.29 and a stock price of $32 a share. The risk-free rate is 3.8 percent and the market rate of return is 13.4 percent.

Calculate the cost of equity using the Dividend Growth Method.

RE= %

Calculate the cost of equity using the Security Market Line approach.

RE= %

What is the cost of equity capital for this firm?

RE = %