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A stock has the following statistics as of 04/30/20: Stock price: $74.82 Risk free rate: Beta: 1.14 Market return: Annual dividend: $1.85 Growth rate: 1.30%

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A stock has the following statistics as of 04/30/20: Stock price: $74.82 Risk free rate: Beta: 1.14 Market return: Annual dividend: $1.85 Growth rate: 1.30% 9.80% 7.20% What is its cost of equity using the dividend growth model (DGM)? O a. 9.96% Ob. 10.07% Oc. 9.85% Od. 9.68%

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