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Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 2% forever. Its stock

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Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 2% forever. Its stock price is $36.4 and its beta is 0.8. The risk-free rate is 2% and the expected return on the market portfolio is 8%. IB Attempt 3/99 for 10 pts. Part 1 What is the best guess for the cost of equity? 3+ decimals Submit

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