Calculating Cost of Equity [LO1] The Absolute Zero Co. just issued a dividend of $3.40 per share on its common stock. The company is expected to maintain a constant 4.5 percent growth rate in its dividends indefinitely If the stock sells for $53 a share, what is the company's cost of equity? Calculating Cost of Equity [LO1] J The Graber Corporation s common stock has a beta of 1.15 . If the risk-free rate is 3 .5 percent and the expected return on the market is 1 1 percent, what is the company's cost of equity capital