A firm has common stock wath a market prike of $100 per share and an expected dividend of $5.61 per share at the end of the coming yeaf. A new isue of stock is expected to be sold for $98, with $2 per share representing the underpricing necessary in the competitive market. Fotatian costs are expected to tokal 51 per share. Five years ago, the dividend was $4.00. Calculate the cost of the stock: Gordon Growth Rate Formu