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(CHAPTER 14) You researched Turkey Investment's financial data and gathered the following information: Current price per share of stock = $80 Expected market portfolio retum

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(CHAPTER 14) You researched Turkey Investment's financial data and gathered the following information: Current price per share of stock = $80 Expected market portfolio retum = 10.7% Dividend per share paid just recently - $5.58 Risk-free interest rate=4.3% Expected annual growth of dividend per share - 5% Stock Beta = 1.35 Calculate the company's cost of equity using the Capital Asset Pricing Model approach. Your answer should be in %, not in decimals: e.g., 10.23 rather than 0.1023. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places for example, 10.23. Do NOT use in your

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