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20. Given the following information, what is your best estimate for the firm's cost of equity on January 2, 2003, if the stock sells for

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20. Given the following information, what is your best estimate for the firm's cost of equity on January 2, 2003, if the stock sells for $42 on that day? Date Dividend 1.50 S1.73 $2.0 $2.34 $2.71 a. 15.92% b. 23.40% c. 24.5990 d. Cannot be estimated because of lack of information e. None of the above 12/31/97 12/31/98 12/31/99 12/31/00 12/31/01 12/31/02 3.17

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