Dick's, a sporting goods store, expects to have earnings per share of $3 in the coming year. The firm plans to pay out all of its earnings as a dividend. There is no expectation of growth. Dicks current share price is $60. What is Dick's equity cost of capital?

Question 15Select one:

a.

%10

b.

%20

c.

%5

d.

%2

e.

%6.5