Cost of equity: SML. Stan is expanding his business and will sell common stock for the needed funds. If the current risk-free rate is 3.4% and the expected market return is 10.3%, what is the cost of equity for Stan if the beta of the stock is a. 0.772 b. 0.93? c. 1.05? d. 1.45? a. What is the cost of equity for Stan if the beta of the stock is 0.77? % (Round to two decimal places.) Data table Click on the Icon in order to copy its content into a spreadsheet. Trout, Inc. Current assets: $2,444,444 Current liabilities: Long-term assets: $8,555,556 Long-term liabilities: Total assets: $11,000,000 Owners' equity: $1,485,351 $6,117,576 $3,397,073 Salmon Enterprises Bonds outstanding: 3,000 selling at $1,008.56 Common stock outstanding: 260,000 selling at $29.73