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Hank Corp.'s common stock currently sells for $55 per share. The most recent dividend (Do) was $2.32, and the expected growth rate in dividends per

image text in transcribed Hank Corp.'s common stock currently sells for $55 per share. The most recent dividend (Do) was $2.32, and the expected growth rate in dividends per year is 5%. The cost of common equity, Re, is %. Margin of error for correct responses: +/- .05(\%) Rounding and Formatting instructions: Do not enter dollar signs, percent signs, commas, X, or any words in your response. Do not round any intermediate work, but round your * final* response to 2 decimal places (example: if your answer is 12.3456,12.3456%, or $12.3456, you should enter 12.35 )

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