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14-5 5 The Drogon Company just issued a dividend of $2.41 per share on its common stock. The company is expected to maintain a constant

14-5

5 The Drogon Company just issued a dividend of $2.41 per share on its common stock. The company is expected to maintain a constant 6 percent growth rate in its dividends indefinitely. If the stock sells for $55 a share, what is the company's cost of equity? 10 points Multiple Choice 11.18% 10.11% 10.38% 4.75% 10.64%

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