Ch 12 Homework i Saved CO Stock in CDB Industries has a beta of .98. The market risk premium is 7.3 percent, and T- bills are currently yielding 4.3 percent. The most recent dividend was $2.70 per share, and dividends are expected to grow at an annual rate of 5.3 percent indefinitely. If the stock sells for $49 per share, what is your best estimate of the company's cost of equity? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) 1.25 points Skipped Cost of equity ook Print References 00