The companys most recent dividend was 170 per share and, Financial Management

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The companys most recent dividend was 170 per share and

Stock in Dragula Industries has a beta of 1.1. The market risk premium is 6 percent, and T-bills are currently yielding 4.70 percent. The company's most recent dividend was 1.70 per share, and dividends are expected to grow at 5.0 percent annuarl rate indefinitely.

If the stok sells for $34 per share, what is your best estimate of the company's cost of equite? round answer to 2 decimal places

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Financial Management: The companys most recent dividend was 170 per share and

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Financial Management: The companys most recent dividend was 170 per share and

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