11 BB . FILE HOME INSERT Calculating cost of equity - Excel FORMULAS DATA REVIEW 7 - PAGE LAYOUT 6X VIEW Sign In Cri -19 - A % Paste 10 points BTU- E- Cels A Alignment Number Conditional Format as Cell Formatting Table Styles Styles Editing Clipboard Font A1 X eBook B D E F 1 G H 1 J K 2 Print The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely. If the stock sells for $53 a share, what is the company's cost of equity? References 4 5 6 7 3 Dividend per share $ Growth rate Stock price 3.40 4.50% 53 9 10 Complete the following analysis. Do not hard code values in your calculations. 12 13 Cost of equity 10 15 16 17