I'll show my work. I'm getting 17.05% but that's not one of the answer choices.

Question 6 A company's common stock is currently priced at $11.00 per share. The company's dividend is $1.50. Investors expect the company to grow at an annual rate of 3.0%. Compute the cost of the company's common stock. O 11.00% 12.51% 13.64% (New Question) 1 pts 16.64% =(1.5*(1.03)/11)+0.03