3 Stock in Daenerys Industries has a beta of 1.3. The market risk premium is 6 percent, and T-bills are currently yielding 4.3 percent. The company's most recent dividend was $1.50 per share, and dividends are expected to grow at an annual rate of 8 percent indefinitely ints If the stock sells for $45 per share, what is your best estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Skipped eBook Cost of equity Print