P9-10 (similar to) Question Help Cost of common stock equity Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $64.25 The firm expects to pay a $3.41 dividend at the end of the year (2016). The dividends for the past 5 years are shown in the following table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Year 2015 2014 2013 2012 2011 Dividend per Share $3.09 $2.82 $2.52 $2.12 $2.09 After underpricing and flotation costs, the firm expects to net $59.75 per share on a new issue a. Determine the growth rate of dividends from 2011 to 2015 a. The growth rate of dividends from 2011 to 2015 is | %. (Round to two decimal places.)