9. The Down and Out Co. Just issued a dividend of $2.61 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 $50 a share, what is the company's cost of equity? (Do not round your intermediate calculations.) ? 12.11% ? 10.96% 11.53% 5.65% ? 11.22%