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If the stock sells for 49 per share what is your best

Stock in CDB Industries has a beta of .98. The market risk premium is 7.3 percent, and T-bills are currently yielding 4.3 percent. CDB's most recent dividend was $2.70 per share, and dividends are expected to grow at a 5.3 percent annual rate indefinitely.

Required:

If the stock sells for $49 per share, what is your best estimate of CDB's cost of equity? (Do not round intermediate calculations. Enter your answer as a percentage rounded to 2 decimal places (e.g., 32.16).)

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Financial Management: If the stock sells for 49 per share what is your best

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Financial Management: If the stock sells for 49 per share what is your best

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