PI, Inc. has paid annual dividends of $1.00, $1.05, $1.10, and $1.18 per share over the last
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Question:
PI, Inc. has paid annual dividends of $1.00, $1.05, $1.10, and $1.18 per share over the last four years (and going to pay divident to this trend).
The stock is currently selling for $38 a share. What is the firm's cost of equity?
A. 8.79%
B. 8.96%
C. 10.38%
D. 10.53%
E. 11.79%
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