Chapter 12 Assignment Help Save & Exit Submit Rossdale Co stock currently sells for $68.69 per share and has a beta of 87. The market risk premium is 7.30 percent and the risk-free rate is 289 percent annually. The company just paid a dividend of $3.53 per share, which it has pledged to increase at an annual rate of 3.20 percent indefinitely. What is your best estimate of the company's cost of equity? Skipped Proy 1 of 10 !!! Next >