Problem 6 Intro Bank of America has a beta of 0.6. The risk-free rate is 2.9% and the expected market risk premium is 4%. Attempt 1/99 for 10 pts. Part 1 What is the cost of equity? 3+ decimals Submit Problem 7 Intro Runtan Inc. has just paid an annual dividend of $0.45 per share. Analysts expect the firm's dividends to grow by 3% forever. Its stock price is $35.5 and its beta is 1.5. The risk-free rate is 2% and the expected return on the market portfolio is 8%. Part 1 Attempt 3/99 for 10 pts. What is the best guess for the cost of equity? 3+ decimals Submit