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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 7% 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 7% forever. Its stock price is $35.4 and its beta is 1.2. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Part 1 . Attempt 2/10 for 0.8 pts. What is the best guess for the cost of equity? Try again

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