4.5 pts D Question 4 DL Smith Inc. just paid its annual dividend of $0.65 a share. The stock has a market price of $13 per share and a beta of 1.2. The return on U.S. Treasury bills is 2.5 percent and the market risk premium is 6.8 percent. What is the firm's cost of equity? (round answer to whole number with two decimal points: i.e., use 1.23 percent instead of 0.0123) Next Previous