Question 4 (of 6) value 166 points Reliable Electric is a regulated public utility, and it is expected to provide steady dividend growth of 8% per year for the indefinite future. lts last dividend was $2 per share; the stock sold for $40 per share just after dividend was paid. What is the company's cost of equity? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
Cost of equity
Hints References eBook & Resources