A stock is selling at $ 117.32 and the firm announced the next dividend (D1) at $ 1.92. Assume that the constant growth rate is 3 %. What would be the cost of equity raised by selling new stocks? . % (to two decimal places). A stock is selling at $ 117.32 and the firm announced the next dividend (D1) at $ 1.92. Assume that the constant growth rate is 3%. What would be the cost of equity raised by selling new stocks?_ % (to two decimal places)