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14 The current stock price of PTT is $152 per share. The stock has a beta of 1.7 with a dividend growth rate of 5

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14 The current stock price of PTT is $152 per share. The stock has a beta of 1.7 with a dividend growth rate of 5 percent. The annual dividend next year is expected to be $7.6 per share. The return of market is 11 percent. The treasury bill yield is 3 percent. What is the firm's cost of equity? a) 9.00% b) 11.00% c) 19.00% d) 13.30% e) 8.00% f) 10.00%

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