Kinston Sports Supplies has 15.000 shares of common stock outstanding at a price of $40 a share, 2.000 shares of preferred stock outstanding at a price of $90 a share and 50 bonds outstanding at a price of 105.53 percent of par. Kinston's most recently raid dividends on its common stock are $2 a share and the expected growth individends a 10% per year indefinitely. What is Kinston's cost of common stock? 15% 15.50% 10% 5.50% Next