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Judy's Boutique just paid an annual dividend of $2.59 on its common stock. The firm increases its dividend by 3.35 percent annually. What is the

Judy's Boutique just paid an annual dividend of $2.59 on its common stock. The firm increases its dividend by 3.35 percent annually. What is the company's cost of equity if the current stock price is $39.40 per share?

  • 9.92%

  • 9.65%

  • 9.37%

  • 10.53%

  • 10.14%

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