If the firms bonds earn a return of 12%, what is the cost of common equity based on the bond-yield-plus risk premium approach using the midpoint of the risk premium range? 17% 16% 18% 15% A company's earnings, dividends, and common stock price are expected to grow at 8% per year in the future. The company's common stock sells for $27.00 per share, its last dividend was $2.00 and it will pay a dividend of $2.26 at the end of the year, Using the Discounted Cash Flow (DCF) approach, what is the cost of common equity? 17% 15 25% 18.0% 16.37%