Assume Highline Company has just paid an annual dividend of 30.96 per share. The company distributed as profits as dividend Analysts are predicting an 11 per year growth rate in earnings ore the best was Alterthur Highline's rings are expected to grow at the current industry erage of 5.2% per year I Highlines equity cost of capital is 85% per year and its dividend payout ratio remains constant for what price does the dividend-discount model predict Highline stock should sell ' 0.96 , , . 11 % . " 52 % . 45 % , $49.69 $39.44