given the following information for the stocker foster company calculate the risk premium on its common stock

current price per share of common stock $31.74

expected dividend per share next year $3.51

Constant annual dividend growth rate 9.7%

risk-free rate of return 5.5%

Do Homework Hannah Sanders - Google Chrome nathid.com/Student/PlayerHomework.aspx?homeworked-5633026question dushed trud 5975125centerwineyes FIN 3403 Summer 2020 (1) Hannah Sanders 06/21/20 2.00 PM Homework: Ch 7 HW Save Fil Score: 0 of 1 pt 4 of 4 (2 complete) HW Score: 25%, 1 of 4 pts P7-22 (similar to) Question Help Integrative Risk and Valuation Given the following information for the stock of Foster Company, calculate the risk premium on its common stock (Chok on the con located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) Current price per share of common stock $31.740 Expected dividend per share next year $3.51 Constant annual dividend growth rate 9.7% Risk-free rate of return 5.5% The risk premium on Foster stock is % (Round to two decimal places Enter your answer in the answer box and then click Check Answer Check Anam All parts showing