paid its annual dividend of $.35 a share. The stock has a market price of $20 and a beta of 1.14. The return on the U.S. Treasury bill is 2.7 percent and the market risk premium is 8 percent. What is the cost of equity?

Question 8 options:

11.82 percent

9.98 percent

10.37 percent

10.45 percent

10.79 percent